The Trump administration has released data on the businesses, including farms, that received forgivable loans under the Paycheck Protection Program created by Congress in an effort to keep people employed during the COVID-19 crisis.
Agricultural shippers who use one of America's inland waterways to move grain, fertilizer, chemicals, and other products through the nation's midsection say they are ready for lock and dam project closures this summer.
U.S. corn and ethanol groups are celebrating a recent shipment to Mexico of gasoline with a 10% ethanol blend, but the fate of a more permanent acceptance of E10 in the country isn’t yet solidified as the government works to rewrite regulations to boost the legal blend rate.
The Department of Agriculture slightly raised 2020/21 beginning and ending corn stocks in the World Agricultural Supply and Demand Estimates (WASDE) report released Thursday, but traders showed little reaction.
Farm earnings are likely to fall sharply this year despite the $16 billion in COVID-19 assistance payments now being distributed, and farmers’ income is likely to drop again in 2021 without additional government aid, according to a widely followed forecast of the agricultural economy.