USA - Livestock farmers would get more access to loans under Senate proposal

25.02.2020 160 views
A new bill would open up access to small business loans for livestock farmers across the state. SB 868 would change the definition of a small farmer so more operations can access low-interest loans under the Family Farms Act. The bill was introduced Monday to the Senate Agriculture, Food Production and Outdoor Resources Committee by its sponsor, Justin Brown, R-Rolla. Under current law, a farmer is 'small' if they pull in less than $250,000 in gross sales per year. SB 868 would increase that cap to $500,000. Brown said that even if a farmer takes in $500,000 in gross sales, "the margins on that, it can be a negative, especially right now in this agricultural climate."
Most farms in Missouri are struggling to make ends meet. More than half reported a net loss in 2017, according to the latest data from the Department of Agriculture. Brown's constituents are hurting even worse: 65% of the roughly 3,070 farms tracked by the USDA in the 16th District reported a net loss. Over 350 farmers currently participate in the loan program, according to testimony from Brown, but it is unclear how many more farmers would benefit from the change. Emily LeRoy, the legislative liaison from the Missouri Department of Agriculture, testified that the department can't tell how many more operations would be eligible using their existing data. In an interview after the hearing, Brown said he expects the number of participants in the program to roughly double. Loans made under the Family Farm Act target purchases of five different types of livestock: pigs, goats, sheep and dairy and beef cows. Loaners cannot charge interest for the first year and receive a tax credit in lieu of the interest they would have collected. Source - https://www.mycouriertribune.com
07.05.2024

Italy - An annus horribilis for Sicilian lemons

"Based on the data at hand, Sicily's current lemon campaign is the worst of the last few years. It was an annus horribilis. This is due to several factors," says Carmelo Micale, president of the OP Consorzio APAM in Torrenova (ME).

07.05.2024

East Africa faces food shortages due to extreme weather

The East African region is encountering a potential food shortage following extreme weather conditions, characterized by excessive rainfall and floods. These conditions have led to fatalities, injuries, destruction of infrastructure, and significant damage to agricultural lands in areas crucial for food production.

07.05.2024

Brazil - Rain and widespread flooding leads to huge death toll

The South of Brazil has seen record breaking flooding with up to 78 people dead, over 100 missing and around 100,000 people displaced following ongoing heavy rain in the South of the country since last week.

07.05.2024

Extreme heat impacts south and south-east Asia

Recent weeks have seen extreme heat affect south and south-east Asia, resulting in fatalities, educational disruptions, and agricultural damage. The Philippines and Bangladesh closed schools last month due to the heat, with health advisories issued across the region.

07.05.2024

USA - Preliminary Texas Panhandle wildfire agriculture losses top $123 million, costliest in state history

Texas A&M AgriLife Extension Service economists project the Panhandle wildfires caused $123 million in preliminary agricultural losses, making it the costliest on record. More than 1.2 million acres burned beginning Feb. 26, making it the largest wildfire in Texas history.

07.05.2024

India - Telangana govt. releases Rs.15.81 cr as input subsidy to farmers

The State government on Monday released an amount of Rs.15.81 crore for paying input subsidy to farmers whose agriculture and horticulture crops were damaged due to heavy rains or hailstorms in 10 districts between March 16 and 21, 2024.

07.05.2024

India - Rising temperatures alter insect-crop interactions and impact agricultural productivity

In September 2023, Rajesh Krishnan, farmer and CEO of the Thirunelly Agri Producer Company Ltd. in Wayanad, Kerala, noticed something strange in the region’s paddy crops. The crops began displaying onion-like shoots, leaving Krishnan and the other members of the FPO (farmer producer organisation) flummoxed by the unknown occurrence.

06.05.2024

Finland - Agri season delayed cold, wet start to the year

In Finland, the agricultural season is experiencing delays due to a cold, wet start to the year. ProAgria, a farming consultancy, reports that spring sowing is lagging by 5–10 days across various regions.

istanbul escort şişli escort tbilisi escort şişli escort şişli escort maslak escort istanbul escort beşiktaş escort taksim escort izmir escort ümraniye escort mecidiyeköy escort şişli escort taksim escort ümraniye escort kartal escort şirinevler escort maltepe escort istanbul escort ümraniye escort kadıköy escort vip escort mersin escort istanbul escorts ataköy escort avcılar escort beylikdüzü escort okmeydanı escort şişli escort tuzla escort işitme cihazı sex shop sex shop sex shop sex shop sex shop sex shop sex shop sex shop