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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 28, 2024
POET, the largest U.S. biofuels company, is shutting down ethanol production at three facilities in Iowa and South Dakota and postponing the opening of another plant that was set to begin producing in Indiana, the company said Tuesday.
Banks and Farm Credit System institutions continue to be frustrated by the rollout of the Paycheck Protection Program, the massive forgivable loan initiative that they are charged with handling on behalf of the federal government.
We’re now starting our fourth week of the COVID-19 national economic slowdown, and pressure is building on USDA to come to the rescue for a broad array of producers from coast to coast.
The American Farm Bureau Federation delivers the Trump administration a detailed list of requests to swiftly use its authority under the $2 trillion economic stimulus package to rescue “all sectors of agriculture” from the twin blows of plunging commodity prices and the COVID-19 pandemic.
China is continuing to live up to its purchase promises under the “phase one” trade deal, buying up 567,000 metric tons of U.S. corn, according to new export sales announced Friday by the USDA. Most of it — 504,000 tons — is for delivery in the 2020-21 marketing year, while 63,000 tons are for delivery in the current 2019-20 marketing year.
Today’s supposed to be the first day that farms and other small businesses can start applying for those forgivable loans that are intended to help employers cope with the COVID-19 crisis.
Banks and Farm Credit System institutions on Friday began taking applications from farmers and other small businesses for $349 billion in forgivable loans aimed at shoring up the economy during the COVID-19 crisis.
There’s interest on Capitol Hill and in the White House in an infrastructure package as part of the coronavirus recovery effort, but that interest will have to overcome the skepticism of Senate Majority Leader Mitch McConnell.
Advice continues to flow into USDA for how it should divvy up the $9.5 billion that was included in the $2 trillion stimulus bill for livestock, specialty crops and local agriculture.
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