WASHINGTON – The U.S. Department of Agriculture (USDA) announced this week an investment of $1.7 billion for purchase of locally and regionally produced foods and domestically produced foods for emergency food assistance. These investments, made possible by the Commodity Credit Corporation (CCC), will help American producers by ensuring they have the certainty of access to local and regional markets as …
USDA Invests Nearly $121 Million in Specialty Crops Research, Organic Ag Production
WASHINGTON – The U.S. Department of Agriculture (USDA) has announced an investment of nearly $121 million to advance research and Extension activities that aim to solve key challenges facing specialty crop and organic agriculture producers. The investment includes $70.4 million to support specialty crop production research across the United States and $50.5 million to support farmers and ranchers who grow and …
USDA Announces September 2024 Lending Rates for Agricultural Producers
WASHINGTON – The U.S. Department of Agriculture (USDA) announced loan interest rates for September 2024, which became effective Sept. 1, 2024. USDA Farm Service Agency (FSA) loans provide 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 our …
USDA Launches Online Debt Consolidation Tool to Increase Farmer, Rancher Financial Viability
WASHINGTON – The U.S. Department of Agriculture (USDA) has announced the launch of the Debt Consolidation Tool, an innovative online tool available through farmers.gov that allows producers to enter their farm operating debt and evaluate the potential savings that might be provided by obtaining a debt consolidation loan with USDA’s Farm Service Agency (FSA) or a local lender. “Providing producers …
Ag Imports Forecast at $212 Billion
Ag imports in fiscal year (FY) 2025 are forecast at $212 billion, $8 billion over the FY 2024 forecast, according to the U.S. Department of Agriculture Economic Research Service and Foreign Agricultural Service Situation and Outlook Report. FY 2024 imports are forecast at $204 billion, $8.6 billion more than the $195.3 billion recorded for FY 2023 and $1.5 billion higher …
FY Ag Exports Forecasts at $169.5 Billion
According to the U.S. Department of Agriculture Economic Research Service and Foreign Agricultural Service Situation and Outlook Report, U.S. agricultural exports in fiscal year (FY) 2025 are forecast at $169.5 billion, a decrease of $4 billion from the revised forecast for FY 2024. The decline is mostly attributed to lower unit values of soybeans, corn, cotton and beef. Ag Exports …
USDA Updates Farm Loan Programs for Farmers
WASHINGTON – The U.S. Department of Agriculture (USDA) announced changes last week to the Farm Service Agency’s (FSA) Farm Loan Programs, effective Sept. 25, 2024 — changes that are intended to increase opportunities for farmers and ranchers to be financially viable. These improvements, part of the Enhancing Program Access and Delivery for Farm Loans rule, demonstrate USDA’s commitment to improving …
USDA Seeks Nominees for Fruit and Vegetable Industry Advisory Committee
The U.S. Department of Agriculture (USDA) is seeking nominations from specialty crop stakeholders to serve on the Fruit and Vegetable Industry Advisory Committee (FVIAC). The deadline for nominations is Sept. 3, 2024. To help industry members through the nomination process, USDA will offer the following virtual office hours via Zoom: at https://www.zoomgov.com/j/16115836517. Thursday, August 15: 10 a.m. – 12 p.m. …
USDA Announces August 2024 Lending Rates for Agricultural Producers
WASHINGTON – The U.S. Department of Agriculture (USDA) has announced loan interest rates for August 2024, which became effective Aug. 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 to work …
Tropical Storm and Hurricane Recovery Resources
On the heels of Hurricane Debby’s trek through the Southeast this week, the U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) reminds producers impacted by a tropical storm or hurricane that FSA has programs and resources available to provide assistance in recovery efforts. It is critical that producers keep accurate records to document damage or loss and report losses …