Farm Journal Foundation is partnering with the Zoetis Foundation to launch a new program to find solutions for relieving student debt in the veterinary industry. The effort’s long-term goal seeks to address shortages of veterinarians to work with farmers in rural areas. The new Veterinary Debt Solutions Program will convene leaders from across the livestock, academic, nonprofit, and veterinary sectors …
Experts Expect Inflation to Continue
Prices are going up yet again. That’s coming up on This Land of Ours. Inflation continues to rise as the Bureau of Labor Statistics reports year-over-year inflation in March was 8.5 percent. American Farm Bureau Federation Chief Economist Roger Cryan says we’re seeing the highest level of inflation in 40 years. “The Federal Reserve Bank has the levers to manage …
Ag Tractor, Combine Sales Make First Decline since July 2021
Ag tractor and combine unit sales had their first decline since July 2021, according to the latest data from the Association of Equipment Manufacturers (AEM). U.S. total farm tractor sales fell 21.1 percent for the month of March compared to 2021, while U.S. self-propelled combine sales for the month dropped 10.2 percent to 343 units sold. The 100+ horsepower 2WD segment was …
SW GA Farm Credit Makes USDA Loans Available
SW GA Farm Credit, based in Bainbridge, GA, in the Tri-State area, is pleased to announce they will work with elgible barrowers throughout the food supply chain to provide loans through the USDA new Food Supply Chain Guaranteed Loan Program. Tyron Spearman offers details about this new loan program and what it means for producers. Sponsored ContentCIR Agriculture Harvester ProductsJuly …
March Ag Economy Barometer Dips Lower
The Purdue University CME Ag Economy Barometer dipped to a reading of 113 in March. That is the weakest farmer sentiment reading since May, 2020. The March reading went 12 points lower than a month earlier, and 36 percent lower than March, 2021. Compared to a year earlier, producers appraisal of current conditions was down 44 percent, while their expectrations …
Additional Funds for Livestock Producers Affected by Drought and Wildfire
The USDA has announced additional funds for livestock producers who were affected by wildfires and droughts. USDA Undersecretary for Farm Production and Conservation, Robert Bonnie spoke with AgNet Media to make the announcement to our listeners. Listen here: The USDA says ranchers who have approved applications through the 2021 Livestock Forage Disaster Program (LFP) for forage losses due to severe …
Rabo AgriFinance: High Prices Don’t Mean Big Profits
High prices for U.S. corn, soybeans and wheat are not expected to be a short-term shock, according to a new RaboResearch report, “The Grain Drain After Ukraine.” While the sudden shutdown of trade in the Black Sea region has sent corn and wheat prices to their highest in a decade, the ten-year outlook for all major crops has shifted up …
Biden’s 2023 Budget Proposal: Ag and Rural Funds
President Joe Biden unveiled his budget proposal for fiscal year 2023, Monday. Agriculture Secretary Tom Vilsack says the President’s budget provides USDA with “the tools needed to support a vibrant, revitalized, and prosperous rural America.” The budget includes more than $10 million for oversight and enforcement of the Packers and Stockyards Act as well as money to support innovation in …
Programs Announced by USDA to Increase and Expand Meat and Poultry Processing Capacity
Technical Assistance Now Available to Processors; $23.6 Million Available for Meat, Poultry Readiness Grant program (USDA/WASHINGTON, March 25, 2022)Â — The U.S. Department of Agriculture (USDA) announced the launch of the Meat and Poultry Processing Capacity Technical Assistance Program (MPPTA) to provide technical assistance to meat and poultry grant applicants and grant-funded projects. Processors and applicants involved with the Meat and …
Farm Share of U.S. Food Dollar Rose One Cent in 2020
The farm share of the food dollar increased one cent in 2020, according to new data from USDA’s Economic Research Service. On average, U.S. farmers received 16.0 cents for farm commodity sales from each consumer dollar spent on domestically produced food in 2020, up from a revised 15 cents in 2019. Known as the farm share, the one-cent rise is …