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Balanced Reporting. Trusted Insights.
Tuesday, March 28, 2023
The Agriculture Department has launched an online tool that will streamline the farm loan application with an eye toward ensuring more equitable treatment of producers.
Some farmers could face foreclosure on USDA loans as soon as this fall, so the department may begin providing some newly authorized debt relief through a phased-in approach in order to address the immediate need for help, Agriculture Secretary Tom Vilsack says.
Leaders of the Senate Agriculture Committee heard from Michigan producers who represent a broad range of commodities, scale and farming practices as the panel formally started hearings on the next farm bill.
Democrats forced a $16.1 billion agriculture stimulus plan through the House Agriculture Committee on Wednesday, brushing aside Republican assertions that a provision providing debt relief for minority farmers was far too broad and could face legal challenges.
The Senate OKs a bipartisan agreement to infuse the highly popular Paycheck Protection Program with an additional $320 billion while also making farms eligible for a separate disaster loan program for small businesses.
Women in agriculture from both developed and developing countries say widespread gender discrimination persists and poses obstacles to their ability to help feed the world, according to a study from Corteva Agriscience.
USDA’s Farm Service Agency says 2017 was another year of high activity in its farm loan programs, with farm families accessing nearly $6 billion in new credit, either directly or guaranteed through commercial lenders.
