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Below you'll find a list of all posts that have been categorized as “Economy”
A strong majority of farmers and farmworkers say financial issues, farm or business problems and fear of losing the farm impact farmers’ mental health, according to a new national Morning Consult research poll. Sponsored by the American Farm Bureau Federation in recognition of May as Mental Health Month, the poll surveyed rural adults and farmers/farmworkers to better understand factors affecting the …
USDA extended the deadline to May 17 from May 1 for agricultural producers to certify 2018 crop production for payments through the Market Facilitation Program (MFP), which helps producers who have been significantly affected by foreign tariffs, resulting in the loss of traditional exports. USDA’s Farm Service Agency (FSA) extended the deadline because heavy rainfall and snowfall have delayed harvests …
U.S. farm banks increased agricultural lending by 5.3 percent, or $5.5 billion, to $108 billion in 2018. The American Bankers Association recently released its annual Farm Bank Performance Report. The report found that in 2018, farm banks’ asset quality remained healthy and non-performing loans stayed at a pre-recession level of 0.52 percent of total loans. The report is an analysis …
Farm groups and ag lenders are pressing Congress to put aside politics and pass urgently needed disaster relief. Politics has already sidelined $13 billion, including $5 billion for ag disaster aid, in a failed Senate procedural vote this month. Now, 135 farm groups and lenders are calling on the president and lawmakers to stop the politics and help their farmers …
According to the U.S. Department of Agriculture’s National Agricultural Statistics Service, both the price and value of the 2018 peanut crop at the farm level saw a decrease from 2017. Tyron Spearman has the details.
A group of 135 farm organizations and banks that supply seasonal loans to farms and ranches today called on President Trump and Congress to put aside political differences and supply urgently needed relief in the wake of weather-related disasters in 2018 and 2019. The organizations highlighted the year’s unprecedented destruction in the letter. Farmers and ranchers are especially anxious for …
As calls from hurricane-battered Northwest Florida grow more desperate for state and federal financial help, Sen. Bill Montford on Tuesday removed a request for $315 million from a relief package while lawmakers prepare for budget talks. Montford, a Tallahassee Democrat who is one of three Northwest Florida lawmakers behind the proposal (SB 1610), said removing the dollar figure will keep …
Higher limits are now available for borrowers interested in farm loans from the Department of Agriculture. USDA announced last week the increase would help farmers purchase farms or cover operating expenses. The 2018 Farm Bill increased the amount that producers can borrow through direct and guaranteed loans available through USDA’s Farm Service Agency, and made changes to other loans, such …
Last week during a U.S. House Appropriations Sub-committee hearing, Agriculture Secretary Sonny Perdue discussed the issue of truckers shipping farm products. And according to a story from Gary Crawford, there may soon be some relief from the problems caused by new rules and electronic logging.
Late last week, U.S. Senators from the Southeast joined Senate colleagues, including Senate Majority Leader Mitch McConnell from Kentucky, in expressing disappointment in Congress’ failure to deliver critical disaster aid to their states to assist in recovery efforts from natural disasters in 2018 and 2019. It has now been over six months since parts of Alabama, Florida and Georgia were …
