Home » USDA study finds biobased products boost the economy

USDA study finds biobased products boost the economy

08/04/21 7:15 AM By Annie Deckey

A new Department of Agriculture study shows the biobased products industry supports almost 5 million jobs and adds nearly $500 billion to the economy.

Annie Deckey

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Agri-Pulse Open Mic: Jeffery Hall, Chairman and CEO Farm Credit Administration

This week’s Open Mic guest is Jeffery Hall, Board Chairman and CEO of the Farm Credit Administration and the longest serving member of the current FCA board. Hall reports system debt at the end of 2024 at just over $448 billion dollars - just shy of an 8% increase from the end of 2023. Since the beginning of 2020, system debt outstanding has grown over 52%. The FCA has seen a dramatic downturn in the number of institutions and farmers since the farm crisis of the 1980’s, but the amount of debt continues to climb. He discusses softer farmland values in some areas, the interest rate environment, and future areas of focus for the FCA.

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Agri-Pulse Newsmakers: Feb. 14, 2025: Rep. Dusty Johnson on budget reconciliation, tariffs

House Republicans are moving a budget plan that would slash USDA funding by $230 billion. South Dakota Republican Rep. Dusty Johnson joined Newsmakers to discuss the possible cuts, which will likely come from nutrition assistance.

Then, Jim Richards from Cornerstone Government Affairs explains how SNAP program cuts in budget reconciliation could shape farm bill debate and Nick Levendofsky from the Kansas Farmers Union discusses how mass layoffs at the U.S. Agency for International Development are impacting the distribution of U.S. commodities for food aid.

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