USDA Announces October 2024 Lending Rates for Agricultural Producers

Clint ThompsonUSDA

WASHINGTON – The U.S. Department of Agriculture (USDA) has announced loan interest rates for October 2024, which became effective Oct. 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 …

Post-Helene: USDA Offers Resources, Adds Flexibilities to Disaster Assistance Programs

Clint ThompsonUSDA

WASHINGTON – In the aftermath of Hurricane Helene, which devastated communities, homes, farms and businesses across parts of the Southeast, the U.S. Department of Agriculture (USDA) has deployed staff to assist with response and recovery efforts. Agriculture Secretary Tom Vilsack and Farm Service Agency Administrator Zach Ducheneaux traveled to Florida and Georgia with President Biden on Thursday to assess damage …

USDA Invests $1.7 Billion to Support Farmers, Deliver Nutrition Assistance

Clint ThompsonUSDA

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

Clint ThompsonUSDA

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

Clint ThompsonUSDA

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

Clint ThompsonUSDA

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 …

USDA Updates Farm Loan Programs for Farmers

Clint ThompsonUSDA

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

Clint ThompsonUSDA

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

Clint ThompsonUSDA

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 …

USDA Expands Fresh Market Beans Insurance Program to Florida

Clint ThompsonUSDA

VALDOSTA, GA – The U.S. Department of Agriculture (USDA) is expanding the fresh market beans insurance program to two southern Florida counties: Hendry and Palm Beach. USDA’s Risk Management Agency (RMA) currently offers coverage in New York, North Carolina and Virginia. “Fresh market bean growers in Florida and stakeholders have asked for crop insurance,” said Davina Lee, director of RMA’s …