Articles Tagged with ''cattle''

Farm groups are awaiting the release any day of USDA’s requirements for $16 billion in direct payments to compensate producers for the market losses caused by the coronavirus crisis. OMB completed its review of the planned program on Friday.

A bipartisan group of senators are asking the Justice Department to “expediently” investigate what they call “concerning circumstances” within a beef sector rocked by processing capacity issues and accusations of profiteering at the highest levels of the supply chain.

The Department of Agriculture's Animal and Plant Inspection Service is creating a National Incident Coordination Center to help producers who cannot take animals to market as meat processing facilities close due to COVID-19.

Shutting down, slowing processing line speeds, and reducing work hours is becoming a reality for livestock processors as more workers contract COVID-19, and ag economists argue timing of closures in the coming weeks is everything.

Without government relief, some analysts are sharply lowering their estimates of net farm income because of the impact of the COVID-19 crisis on agricultural markets, with the livestock sector and corn growers bearing much of the hit.

The American Farm Bureau Federation delivers the Trump administration a detailed list of requests to swiftly use its authority under the $2 trillion economic stimulus package to rescue “all sectors of agriculture” from the twin blows of plunging commodity prices and the COVID-19 pandemic.

More than 140 members of Congress are calling on the Department of Agriculture to offer “swift assistance for cattle producers” with some of the $9.5 billion authorized to assist farmers and ranchers hit by the effects of the coronavirus.

Congressional leaders have reached agreement on a $2 trillion economic rescue package that would replenish the Agriculture Department’s Commodity Credit Corp. authority and earmark additional money for livestock and specialty crop producers as well as local agriculture.

Recent trends in cattle and beef prices have a broad cross-section of people paying extra attention to the way money flows in the industry.

A massive economic stimulus bill that congressional leaders are rushing to finish could allow the Agriculture Department to provide multiple forms of aid to different sectors hit by the coronavirus epidemic as well as a fresh round of Market Facilitation Program payments, a key senator says.