 |  |  |  |  |  |  |  |  |
Below you'll find a list of all posts that have been categorized as “Economy”
Last week, U.S. District Judge Marcia Morales Howard, based in Jacksonville, Florida, blocked a federal plan to provide loan relief to black and other minority farmers who historically faced discrimination. Siding with a white farmer from North Florida, the Judge issued a preliminary injunction against the plan, which was part of the American Rescue Plan Act signed by President Joe …
(WASHINGTON, June 24, 2021) — Agriculture Secretary Tom Vilsack has directed the U.S. Department of Agriculture (USDA) to aid recovery efforts for residents, farmers and ranchers affected by the devastation across the Southeast caused by Tropical Storm Claudette. USDA staff in regional, state, and county offices are ready to respond and are providing a variety of program flexibilities and other assistance …
(TALLAHASSEE, FL/June 24, 2021) — Siding with a white farmer from North Florida, a U.S. district judge has blocked a federal plan to provide loan relief to Black and other minority farmers who historically faced discrimination. U.S. District Judge Marcia Morales Howard, who is based in Jacksonville, issued a preliminary injunction Wednesday against the plan, which was part of the …
More than $1 billion in payments are being released over the next several weeks for ag producers with approved applications for the Quality Loss Adjustment (QLA) Program and for those who have already received payments through the Wildfire and Hurricane Indemnity Program Plus (WHIP+). Farm Service Agency Administrator, Zach Ducheneaux, notes this second round of WHIP+ payments from the U.S. Department of Agriculture (USDA) is …
Despite a global slowdown in 2020 brought on by COVID-19, agricultural lending by U.S. farm banks remained strong at $98.6 billion, just a 1.8 percent drop from the prior year. The American Bankers Association’s annual Farm Bank Performance Report attributes the change to a 6.7 percent decline in agricultural production loans. By contrast, the outstanding loans secured by farmland increased …
Efforts are underway to help agriculture through the infrastructure budget, Tyron Spearman has more details.
Since January, USDA has allocated $11B to producers and food and ag business (WASHINGTON, June 15, 2021) — Agriculture Secretary Tom Vilsack announced additional aid to agricultural producers and businesses as part of the USDA Pandemic Assistance for Producers initiative. Earlier this year, Secretary Vilsack announced plans to use available pandemic assistance funds to address a number of gaps and disparities …
Sales in the under-40 horsepower tractor category pulled total U.S. farm tractor sales negative, while all other segments continued with strong growth. The latest data from the Association of Equipment Manufacturers shows that U.S. total farm tractor sales fell 3.9 percent in May compared to 2020, making it the first overall negative sales result in a year. Only the sub-40 …
With planting of the 2021 crop expected to end soon, Tyron Spearman reports producers are being urged to check with the Risk Management Agency (RMA) about crop insurance.
USDA’s Natural Resources Conservation Service (NRCS) has been assisting urban farmers for over 10 years. Since 2010, NRCS state offices have provided more than $18 million to 130 entities in the form of grants and agreements to support urban agriculture and conservation projects. From 2014 to 2019, NRCS completed more than 18,000 conservation practices totaling $41 million on urban farms …
