RMA Administrator Discusses Nursery Value Select Program Expansion

Clint ThompsonUSDA

By Clint Thompson The U.S. Department of Agriculture (USDA) is encouraging specialty crop producers and nursery operators to participate in the Nursery Value Select Program; a program that has existed for decades in a limited number of states and counties. Marcia Bunger, administrator for the USDA Risk Management Agency (RMA), discussed the program’s expansion to include many more states and …

USDA Announces $48 Million Available for Farm Labor Housing Across Country

Clint ThompsonUSDA

KENNEWICK, WASH – U.S. Department of Agriculture (USDA) Rural Development Under Secretary Basil Gooden announced in April that the USDA is accepting applications for financing to build new housing, aiding local farms and businesses to remain competitive while enhancing the lives of working families. This initiative aims to ensure year-round and seasonal domestic farmworkers have safe, modern and affordable living …

USDA Announces May 2024 Lending Rates for Agricultural Producers

Clint ThompsonUSDA

WASHINGTON, May 1, 2024 – The U.S. Department of Agriculture (USDA) announced loan interest rates for May 2024, which became effective May 1, 2024. USDA Farm Service Agency (FSA) loans provide important access to capital to help farmers start or expand their farming operation, purchase equipment and storage structures or meet cash flow needs.          “I encourage our lenders and borrowers alike …

USDA Announces April Lending Rates for Farmers

Clint ThompsonUSDA

The U.S. Department of Agriculture (USDA) has announced loan interest rates for April, 2024, which became effective April 1. USDA’s Farm Service Agency loans provide access to capital to help farmers start or expand their farming operation, purchase equipment and storage structures or meet cash flow needs. “I encourage our lenders and borrowers alike to work with our local offices …

USDA Announces Intent to Renew Fruit and Vegetable Industry Advisory Committee Charter

Clint ThompsonUSDA

The U.S. Department of Agriculture (USDA) has announced it intends to renew the charter of the Fruit and Vegetable Industry Advisory Committee (FVIAC). USDA is set to renew the committee’s charter for two years as required by the Federal Advisory Committee Act. The current charter expires on May 23, 2024. USDA invites those interested to submit comments on this notice. …

USDA Announces March 24 Lending Rates for Agricultural Producers

Clint ThompsonUSDA

WASHINGTON – The U.S. Department of Agriculture (USDA) announced loan interest rates for March 2024, which became effective March 1, 2024. USDA’s Farm Service Agency (FSA) loans provide important access to capital to help producers start or expand their farming operation, purchase equipment and storage structures or meet cash flow needs.     “I encourage our lenders and borrowers alike to work with …

USDA Expands Insurance Option for Nursery Growers to All States

Clint ThompsonUSDA

WASHINGTON — The U.S. Department of Agriculture (USDA) is expanding crop insurance tailored for nursery producers to all counties in all states. Nursery Value Select (NVS) is a pilot program that enables nursery growers to select the dollar amount of coverage that best fits their risk management needs. Its expansion is part of USDA’s Risk Management Agency (RMA) efforts to …

USDA Announces Progress on Newly Authorized Climate Programs

Clint ThompsonUSDA

WASHINGTON – The U.S Department of Agriculture (USDA) published the report this week, Intent to Establish the Greenhouse Gas Technical Assistance Provider and Third-Party Verifier Program (PDF, 248 KB), authorized under the Growing Climate Solutions Act (GCSA). The GCSA was signed into law on December 29, 2022, as part of the Consolidated Appropriations Act of 2023. This report justifying the …

USDA NASS: Findings for Vegetable Production

Clint ThompsonUSDA

Production for 26 estimated vegetable and melon crops totaled 758 million cwt in 2023, an increase of 6% from 2022, according to the U.S. Department of Agriculture National Agricultural Statistics Service (NASS). The three largest crops were tomatoes, onions and sweet corn. They combined for 54% of all the vegetables total. The value of utilized production for vegetable crops in …

Vilsack Statement on Farm Income Forecast

Clint ThompsonUSDA

WASHINGTON – The U.S. Department of Agriculture’s (USDA) Economic Research Service released its annual Farm Sector Income Forecast report for 2024 last week. Agriculture Secretary Tom Vilsack issued the following statement following the release: “After the three highest consecutive years on record in 2021-2023, the first farm income forecast of 2024 indicates net farm income this year will return to …