Items Tagged with 'loans'

The House Agriculture Committee unveiled a draft farm bill Friday that would revamp a key international food aid program, boost risk management options for specialty crop growers and nullify California's controversial Proposition 12 standards for animal welfare. The bill also would address pesticide labeling and raise USDA loan limits.

USDA has issued one-time payments to farmers, ranchers and forest landowners across the country who experienced discrimination in farm loan programs or did not equitable access to federal resources prior to the start of the Biden administration. In all, $2.2 billion has been disbursed.

Agricultural lenders are bracing for declines in farm profitability next year amid the looming threat of a recession, but some believe strong commodity prices could help ease some of the potential pain producers experience.