FDACS Announces Natural Disaster Recovery Loan Program to Open for Florida Farmers Impacted by Hurricane Debby

Dan Agri-Business, Economy, FDACS, Florida Department of Agriculture and Consumer Services (FDACS), Funding, Industry

~ Beginning next week, Florida farmers impacted by Hurricane Debby can apply for low-interest and interest-free loans ~ (FDACS/TALLAHASSEE, FL/Aug 6, 2024) — Florida Commissioner of Agriculture Wilton Simpson announced that Florida farmers, ranchers, and growers impacted by Hurricane Debby will be able to apply for low-interest and interest-free loans beginning next week through the Agriculture and Aquaculture Producers Natural …

issues

CBO Says House Farm Bill Cost Will Raise Deficit

Dan Agri-Business, Economy, Farm Bill, Funding, Legislative

The Congressional Budget Office released an official cost estimate of the House Ag Committee’s farm bill and said it’s $33 billion over budget and fails to pay for a large increase in crop subsidies. House Ag Chair GT Thompson says if the CBO doesn’t change its mind, he’ll rely instead on the House Budget Committee to overrule the CBO. The …

fundamentals

Fundamentals Are Out the Window

Dan Commodities, Economy

One Bottomline analysts said that ‘fundamentals are out the window this week and beyond’. Mark Oppold gives the report on this and commodities. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

global

Profit Downturn for Global Ag Traders

Dan Economy, Exports/Imports, This Land of Ours

Lower profits for global ag traders. That’s coming up on This Land of Ours. Global bumper harvests, a downturn in crop markets, and slowing demand for farm equipment are shrinking profits and lowering the future outlooks for some of the world’s biggest companies. Farm Policy News says St. Louis-based Bunge posted earnings of $1.73 a share in the second quarter, …

discrimination

USDA Discrimination Payments

Dan Economy, This Land of Ours

The USDA works to right some wrongs. That’s coming up on This Land of Ours. Checks are going out for the USDA’s discrimination financial assistance program. White House Director of Public Engagement Steve Benjamin says it moves forward the goal of equity in agriculture. “This announcement is a result of hours of hard work by many individuals at USDA. And …

grain trade

Grain Trade Continues to Struggle

Dan Commodities, Corn, Economy, Field Crops, Soybeans, Wheat

The grain trade continues to struggle, and many farmers are already looking ahead at plans for this year’s crop. As Mark Oppold reports, that may mean more on-farm storage. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

crude oil futures

Tracking Crude Oil Futures

Dan Biofuels/Energy, Commodities, Economy

As we wrap up another month, Mark Oppold takes time to look back at how crude oil futures have done in July. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

real estate

Non-Real Estate Loan Activity Higher in 2024

Dan Agri-Business, Economy

As commodity prices have continued to drop, many producers may face economic losses with less balance sheet resiliency. The economists at Agricultural Economic Insights (AEI) say recent loan data revealed that farmers utilized more non-real estate debt in early 2024.  In the first quarter of the year, total non-real estate debt was 14 percent higher than in 2023. AEI says …