On Thursday, the U.S. Department of Agriculture (USDA) announced further details of the $16 billion package to help American ag producers affected by trade tariffs. This includes direct payments to farmers through the Market Facilitation Program (MFP). USDA Chief Economist Rob Johansson looks at what is covered under MFP. MFP signup starts Monday at local Farm Service Agency offices. For …
USDA Announces Details of Support Package for Farmers
(USDA) — U.S. Secretary of Agriculture Sonny Perdue announced further details of the $16 billion package aimed at supporting American agricultural producers while the Administration continues to work on free, fair, and reciprocal trade deals. In May, President Trump directed Secretary Perdue to craft a relief strategy in line with the estimated impacts of unjustified retaliatory tariffs on U.S. agricultural goods and …
Large Loans Drive Further Increases in Farm Lending
(NAFB) — Growth in the average size of farm operating loans boosted agricultural lending in the second quarter of 2019. A Kansas City Federal Reserve Bank report shows the volume of loans increased 11 percent compared with 2018. The pace of growth is the fastest in the second quarter since 2011. Operating loans continues as the majority of non-real estate …
Funding to Support Socially Disadvantaged and Veteran Farmers and Ranchers
WASHINGTON (USDA) – The U.S. Department of Agriculture announced up to $16 million in available funding to help socially disadvantaged and veteran farmers and ranchers own and operate successful farms. Funding is made through the USDA’s Outreach and Assistance for Socially Disadvantaged Farmers and Ranchers and Veteran Farmers and Ranchers Program (also known as the 2501 Program). The program is …
USDA Now Making Payments for New Dairy Margin Coverage Program
Income-over-feed margin for May triggers fifth payment for 2019 WASHINGTON, (USDA/FSA) – The U.S. Department of Agriculture’s Farm Service Agency (FSA) opened enrollment for the Dairy Margin Coverage (DMC) program on June 17 and has started issuing payments to producers who purchased coverage. Producers can enroll through Sept. 20, 2019. “Times have been especially tough for dairy farmers, and while we …
Deadline Approaching in Florida for SBA Working Capital Loans
ATLANTA (SBA)- The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations that Aug. 12 is the filing deadline for federal economic injury disaster loans in Florida as a result of Hurricane Michael on Oct. 9 – 11, 2018. This disaster declaration includes the following counties: Baker, Columbia, …
Farm Loan Delinquencies Increase, but Remain Historically Low
(NAFB) — New research shows farm loan delinquencies remain historically low. Several years of persistently low net farm income, collapsing levels of working capital, and rising debt, has sparked concern regarding the overall health of the farm economy. However, Agricultural Economic Insights shows that at the end of 2018, delinquencies rates for non-real estate farm loans totaled 1.84 percent. After …
Higher Prices for Smaller Vidalia Onion Crop
Vidalia onions grown in Georgia always command a premium price in supermarkets. According to Gary Crawford, this summer that premium is larger than normal. Sponsored ContentCIR Agriculture Harvester ProductsMarch 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Checking Out the New Dairy Margin Coverage Program
The signup period for the new Dairy Margin Coverage (DMC) started a couple of weeks ago, and producers are encouraged to check it out before the September 20th deadline. Stephanie Ho has more details. For more information, visit the farmers.gov DMC webpage or contact your local USDA service center. Sponsored ContentCIR Agriculture Harvester ProductsMarch 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag …
Cobank: Poultry Well Positioned to Withstand Profit Pressure
Poultry profitability is coming under pressure as prices decline amid growing supplies. A new report from CoBank says the U.S. chicken industry has experienced an unprecedented run of historic profitability since 2012 and responded by significantly increasing production and processing capacity. Six new poultry processing plants are expected to be operating by 2020, while production and supplies of competing animal …