Providing aid to industries impacted by negative trade policy could cost the nation $39 billion, according to new data by the U.S. Chamber of Commerce. Farmers are expected to receive a $12 billion aid package to lessen the burden of trade disputes by the Trump administration. The U.S. Chamber of Commerce calls farmers and ranchers the “hardest hit” by Trump’s …
How Relief Plan Helps Livestock and Dairy Producers
It was announced by USDA this week that they are going to take several actions to assist farmers in response to trade damage from unjustified retaliation. Specifically, USDA will authorize up to $12 billion in programs, which is in line with the estimated $11 billion impact of the unjustified retaliatory tariffs on U.S. agricultural goods. And in a story from …
Eliminating Antibiotic Use Would Cost Cattlemen $1.8 Billion
Kansas State University recently announced the results of a study on the economic impact of treating high-risk groups of animals with antimicrobials. They undertook the study to contribute to the growing public debate on antibiotic use in animal agriculture. The study focused on the practice (called metaphylaxis) of treating an entire pen of high-risk animals to eliminate or minimize the …
Perdue Announces Plan to Help Farmers Hurt by Tariffs
Agriculture Secretary Sonny Perdue has unveiled what he has called his “playbook” of programs to help farmers hurt by tariffs. Gary Crawford has the details. Perdue Announces Plan to Help Farmers Hurt by Tariffs And as Gary Crawford reports, USDA’s program to help farmers hurt by trade disruptions also serves some other functions in the process. Plan to Help Farmers …
Large Livestock Loan Drive Rise in Farm Lending
The Federal Reserve’s Agricultural Finance Databook says lending activity in the agricultural sector increased slightly in the second quarter of 2018. The overall number of non-real estate farm loans was roughly two percent higher than at the same time in 2017. The slight increase was supported primarily by larger loans for livestock. In the short term, The Kansas City Fed …
SBA Economic Injury Disaster Loans Available in Florida
Loans Available in Florida Following Secretary of Agriculture Drought Disaster Declaration for March Freeze 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, Columbia, Hamilton, Madison and Nassau counties Florida as a result of the freeze on …
SBA Economic Injury Disaster Loans Available in Georgia
Disaster Loans Available in Georgia Following Secretary of Agriculture Disaster Declaration for March Freeze 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 freeze on March 8-23, 2018. The loans are available in …
SBA Economic Injury Disaster Loans Available in Florida
Following Secretary of Agriculture Disaster Declaration for Hurricane Irma 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 Florida as a result of Hurricane Irma on Sept. 9 – 12, 2017. The loans are available in the following …
Perdue: Farmers Can’t Pay Bills on Patriotism
Agriculture Secretary Sonny Perdue Tuesday called farmers “some of the best patriots in America,” while speaking at an event, but said farmers “can’t pay the bills with patriotism.” Perdue made the comments at Axios 360, an event held by news website Axios, in Washington, D.C. Tuesday morning. Perdue says farmers and ranchers are “bearing the brunt” of the ongoing trade …
Ag Shippers: NAFTA Trade War Costly
Union Pacific CEO Lance Fritz says trade disruptions are threatening to undermine an otherwise robust economy. The rail company, headquartered in Omaha, Nebraska, told the Omaha World-Herald that the current trade disruption: “Affects the 7,300 communities Union Pacific serves.” Specifically, the North American Free Trade Agreement (NAFTA) renegotiation effort is harming U.S. railways. About 40 percent of Union Pacific traffic …