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Balanced Reporting. Trusted Insights.
Saturday, April 12, 2025
USDA has issued one-time payments to farmers, ranchers and forest landowners across the country who experienced discrimination in farm loan programs or did not equitable access to federal resources prior to the start of the Biden administration. In all, $2.2 billion has been disbursed.
Agricultural lenders are bracing for declines in farm profitability next year amid the looming threat of a recession, but some believe strong commodity prices could help ease some of the potential pain producers experience.
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.
USDA will provide $1.6 billion in loans and loan guarantees to rural electric cooperatives and utilities in 21 states, the Trump administration announced Monday.
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.
After a 35-day U.S. government shutdown, the longest in history, FSA employees who returned to their offices two days earlier than other government workers face a growing pile of loan applications.
A slow farm economy spells a downturn in demand for operating loans in much of America, despite fraying farm profits, as more farm debt moves to low-interest farmland mortgages.
The Small Business Administration has heard from over 2,700 farmers, including poultry feeders, and rural small businesses and others mostly opposed to amendments to the SBA's Express Loans regulation that would make any operator getting more than 85 percent of revenue from a single source (rather than a usual 70 percent SBA ceiling) ineligible for those loans
