Three people familiar with the issue say the Trump administration still intends to roll out an initial payment of up to $12 billion for farmers struggling because of the president’s tariff policies.
U.S. Senators Amy Klobuchar (D-MN) and John Hoeven (R-ND) introduced the Producer and Agricultural Credit Enhancement (PACE) Act, legislation to improve farmers and ranchers’ access to credit by modernizing loan limitations for U.S. Department of Agriculture loan programs.
According to the head of USDA’s AMS, a pilot cattle contract library could be up and running by the first of next year. The $1 million pilot Congress funded in current year spending, is aimed at improving price transparency in cattle markets, thereby helping independent producers get a fairer price. USD
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The war in Ukraine has fueled a debate over not just high gas prices but high fertilizer prices. During last week’s Commodity Classic, Agriculture Secretary Tom Vilsack told Commodity Classic, soaring fertilizer prices are due to the war in Ukraine, heavy reliance on imports, high global demand, and high energy prices.
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Legislation introduced this week in the Senate would provide farmers and ranchers with additional flexibility to alleviate feed shortages in years with widespread excessive moisture, flooding or drought. The Feed Emergency Enhancement During Disasters with Cover Crops Act would create an emergency waiver authority for the Secretary of Agriculture to allow for haying, grazing or chopping of a cove
Senate Agriculture Appropriations Subcommittee Chair John Hoeven says the Senate version of the fiscal year 2021 Ag appropriations Bill fully funds farm loan programs and supports rural innovation. The North Dakota Republican added it will also bolster future agricultural research
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A provision in the overhaul of the U.S. tax code had some unintended negative side effects on certain agribusinesses across the country. The provision gives producers a chance to cut down on their taxable income if they sell their commodities to agricultural cooperatives. It appe...