USDA’s Climate-Smart program up and running
Approximately $3.1 billion will be spent on 141 pilot projects, providing incentives for producers to adopt climate-sensitive practices on working lands.
Browsing: Farm banking
Bipartisan legislation aims to help with farm conservation efforts
The bill addresses the shortage of technical service providers who help producers access USDA conservation programs through one-on-one assistance.
Local Farms and Food Act introduced in both houses
Bill would strengthen food systems infrastructure and promote local economic development.
ABA report: Farm bank lending increased to $103.1 billion in 2022
Agricultural lending by U.S. farm banks increased 8.1% in 2022 to $103.1 billion despite supply chain disruptions, volatility in commodity prices and geopolitical uncertainty, according to the ABA’s annual Farm Bank Performance Report released this week.
The farm data revolution: Empowering banks to better manage risk
New tools bring new insights to ag lending.
USDA chief economist: Farm economy is strong, but some risks remain
Crop and livestock prices are still strong despite declining from recent highs, and the farm sector enters the new year in good financial health with a strong cash position and solid balance sheet following a year of record-high net cash farm income in 2022.
USDA rolls out next steps to provide help to borrowers who faced discrimination
The agency will issue contracts to nongovernmental program administrators to coordinate delivery of financial assistance to farmers, ranchers.
USDA Equity Commission shares reform recommendations, effects on farm lending
The commission made 32 recommendations for the department to root out discrimination, remove barriers to USDA’s programs and commit to addressing farmworkers’ needs.
GOP lawmakers reintroduce plan to exempt farmers from greenhouse gas reporting rule
The SEC’s climate disclosure proposal would require all public companies to disclose GHG emissions from operations a company owns or controls.
USDA highlights programs helping distressed farm borrowers, outlines 2023 goals
In 2022, the USDA’s Farm Service Agency FSA provided nearly $800 million in assistance to distressed borrowers.