Approximately $45 million will be made available by the U.S. Department of Agriculture to organizations that help underserved and veteran farmers, ranchers and foresters own and operate successful farms.
ACRE would amend IRS code to level the playing field for community banks to administer agricultural real estate loans by granting them tax exempt status on earned interest.
Bill would strengthen food systems infrastructure and promote local economic development.
Bert Ely outlines five critical items that are key provisions Congress should include in the upcoming Farm Bill.
The program will provide interest rate rebate payments to participating U.S. farmers for performing sustainable practices and providing annual agronomic data.
USDA will provide approximately $123 million in additional, automatic financial assistance for qualifying farm loan program borrowers who are facing financial risk.
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.
The commission made 32 recommendations for the department to root out discrimination, remove barriers to USDA’s programs and commit to addressing farmworkers’ needs.
FCA should slow down mergers of large and midsize associations until it can assess FCSIC capacity to resolve a large, troubled association.
The legislation would remove the tax liability for distressed farmers on the assistance provided under Sections 22006 and 22007 of the Inflation Reduction Act.