Signup Begins June 4 for Livestock Indemnity Program and Emergency Assistance for Livestock, Honey Bees, and Farm-raised Fish The U.S. Department of Agriculture (USDA) will begin accepting disaster assistance program applications on June 4 from agricultural producers who suffered livestock, honeybees, farm-raised fish and other losses due to natural disasters. USDA’s Farm Service Agency (FSA) is reopening the application period for two …
Brazil Truck Drivers Quit Working Because of High Diesel Prices
Brazilian truck drivers were protesting high diesel prices for a fourth day this week on Thursday. The truckers don’t plan to quit with blockades until measures to reduce fuel taxes are enshrined in the official gazette. Protests have been crippling highways across the nation. Brazil’s lower house of Congress voted to reduce taxes on diesel. The Senate has yet to …
Rural Mainstreet Index Chief Eyeing Two Economic Red Flags
The Rural Mainstreet Index has been steadily climbing over the last four months, signaling improving conditions in farm country. However, the man behind the RMI, Ernie Goss from Creighton University, says he has his eyes on two issues; trade and interest rates. A Farm Journal report says Goss credits exports as one of the biggest reasons for improving economic conditions, …
Secretary of Agriculture Sonny Perdue: “Trump Administration Stands Behind Ag Producers”
“My message to rural America is always the same: President Trump hears you and is working to make your life better.” Trump Administration Stands Behind Ag Producers By Secretary Sonny Perdue Omaha World-Herald May 20, 2018 … Throughout my travels, I’ve heard from the people living in rural America about what they want out of this administration: a boost in …
John Deere Raising Prices to Cover Steel Costs
Deere & Company is raising equipment prices in order to protect profits as costs rise. The farm and construction machinery manufacturer says profits were up 50 percent and equipment sales were up 34 percent annually in its latest quarter. However, a Dow Jones report says those numbers disappointed analysts. Deere’s share rose nearly six percent as investors are focusing on …
Farm Income, Credit, Weakening
Farm income and credit conditions continued to weaken in the first quarter of 2018, but at a slower pace than in previous quarters. According to the Tenth District Survey of Agricultural Credit Conditions, compiled by the Kansas City Federal Reserve Bank, reduced farm income contributed to intensifying cash-flow concerns and tightening lending standards. Cash-flow shortages continued to limit the availability …
SBA Economic Injury Disaster Loans Available in Florida
Following Secretary of Agriculture Disaster Declaration for March Drought The U.S. Small Business Administration (SBA) announced that Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations located in Baker and Columbia counties Florida as a result of the drought that began on March 13, 2018. “These counties are …
SBA Economic Injury Disaster Loans Available in Georgia
Following Secretary of Agriculture Disaster Declaration for March Drought The U.S. Small Business Administration (SBA) announced that Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations located in Georgia as a result of the drought that began on March 13, 2018. The loans are available in the following …
St. Louis Fed Survey Shows Farm Income Down Once Again
Farm income declined in the first quarter of 2018, the 17th-consecutive quarter of lower income numbers. The latest Agricultural Finance Monitor, published by the Federal Reserve Bank of St. Louis, shows quality farmland values and cash rents were also slightly lower than in 2017. The St. Louis Fed surveyed 24 agricultural banks in the Eighth Federal Reserve District, which includes …
SBA Deadline to Apply for Working Capital Loans for 2017 Frost and Freeze in Georgia
The U.S. Small Business Administration is reminding businesses in Georgia that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations located in the counties of Burke, Columbia, Richmond and Screven in Georgia as a result of the frost and freeze on March 4 – 17, 2017. “Businesses that …