Farm financial aid draws increased interest in lame-duck session
With little sign of a breakthrough on the farm bill in Congress, farm groups are shifting their attention to a proposed $21 billion bailout bill. Help is needed because high costs and lower commodity prices are sharply eroding farm income, they say.
Nearly 80 million birds die in almost two years of bird flu
One-fourth of U.S. losses to bird flu in outbreaks that began in early 2022 were recorded in the past three months, when the viral disease staged a resurgence, according to USDA data released on Thursday. Some 20.9 million birds were culled in infected domestic flocks from October through December to prevent the spread of highly pathogenic avian influenza.
USDA announces $4.3 billion smorgasbord of ag aid
Farmers and ranchers who suffered losses due to natural disasters ranging from drought to hurricanes last year will receive $3.7 billion in aid in coming months, said Agriculture Secretary Tom Vilsack. The USDA also announced $500 million in additional funding for the Regional Conservation Partnership Program and $103 million to defray marketing costs for organic dairy farmers this year.
Strengthen the farm safety net and rely less on bailouts, say farm-state senators
The government has spent nearly $70 billion on disaster, trade war, and pandemic relief since the 2018 farm bill was enacted, a huge amount that shows the need for a strong farm safety net that’s written into law rather than on the fly, said farm-state senators on Thursday. They called for a stronger and expanded crop insurance program as the first line of support for farmers and ranchers against uncertain weather, volatile commodity markets, and rising production expenses.
Record subsidies but weaker ag sector during pandemic year
Farmers faced higher expenses and earned less money from their crops and livestock than initially expected in 2020, due to market disruptions caused by the pandemic, said a USDA Covid-19 working paper. By many standards, such as debt-to-asset ratio, the financial strength of the sector softened in 2020, despite $45.7 billion in federal subsidies — the largest ever — said USDA economists.
Producers receive $4 billion in ERP payments
In the six weeks since the USDA launched the program, farmers have received $4 billion from the Emergency Relief Program as compensation for losses from wildfire, drought, hurricanes, winter storms, and other natural disasters, said Agriculture Secretary Tom Vilsack on Wednesday.
Farm payments doubled during subsidy flood, says EWG
The government paid a record $41.6 billion in a variety of subsidies to farmers in 2020, double the amount they received in 2018, when the Trump-era cash gusher began flowing, said the Environmental Working Group on Wednesday.
USDA pays $146 million in bird flu indemnities
As bird flu losses topped 35 million fowl, Agriculture Secretary Tom Vilsack said on Thursday that the USDA has paid about $146 million in indemnities to poultry owners, with an additional $263 million available. “That’s about half of where we were in 2014-2015 with the last outbreak,” he said.
Trade war payments skipped specialty crop, underserved farmers
The USDA sent $23 billion in trade war payments to more than a half million farming operations, with the lion's share of the aid going to row-crop producers, said the Government Accountability Office on Thursday. Historically underserved farmers received less than 4 percent of the money.
Burst of USDA top-up pandemic payments to farmers
Farmers have received $4.8 billion in long-promised payments of $20 an acre on crops that range from corn, soybeans, and wheat to sorghum and sugar beets, said USDA data on Monday. It was the largest disbursement of coronavirus relief funds since the Biden administration took office.
Big coronavirus increases in SNAP and farm spending
The food stamp program will cost $145 billion this year, more than double its pre-pandemic total, due to expansion to combat the pandemic, estimated the CBO in updating its budget outlook. Mandatory agricultural spending was forecast at $48 billion this year, an increase of $17 billion from 2020.
USDA announces $12 billion in pandemic aid, aims for ‘a broader set of producers’
Following through on pledges of more equitable aid to agriculture, the Biden administration has created a new Pandemic Assistance for Producers program to distribute more than $12 billion in cash. It said on Wednesday that it wants to "reach a broader set of producers" than in previous Covid-19 aid programs.
Multibillion-dollar debt relief for minority farmers is backed by House committee
The House Agriculture Committee approved a landmark $4 billion program of debt relief for socially disadvantaged farmers on Wednesday despite Republican objections that the aid was an unconstitutional form of reverse discrimination. Chairman David Scott, a Georgia Democrat, said minority farmers deserved the help because they had been overlooked in the mammoth trade war and coronavirus relief programs that began in 2018.
Biden regulatory freeze halts USDA pandemic payments
As part of a government-wide regulatory freeze, the Biden administration has suspended payments while it reviews the $3 billion in pandemic aid to agricultural producers that was announced in the final week of the Trump administration, said the USDA on Thursday.
Coronavirus package allots $13 billion for crop and livestock producers
Row crop farmers would see payments of $20 an acre and livestock producers would be compensated for animals culled during the pandemic under the $900 billion coronavirus relief bill that was unexpectedly challenged by President Trump on Tuesday, a day after Congress passed it. The $13 billion bill includes a $400 million dairy donation program, aid to contract poultry growers, and assistance for textile mills and, potentially, ethanol refineries.
Financial stress rising in farm sector
The margin for error is shrinking in the farm sector as financial stress, measured by rising debt loads and the erosion of working capital, is rising, said Todd Van Hoose, chief executive of the Farm Credit Council on Wednesday.
Trump announces $13 billion in additional coronavirus aid to farmers
During a re-election rally in rural Wisconsin on Thursday, President Trump announced an additional $13 billion in coronavirus relief for U.S. farmers and ranchers, more than doubling assistance to the sector. The money will be available beginning next week, said the president.
‘Trump bump’ in farm income to disappear in 2021
U.S. farm income, buoyed by record-setting farm subsidies this year, will sink in the new year with the disappearance of government payments to buffer the effects of the trade war and the coronavirus pandemic on agriculture, said the FAPRI think tank on Thursday. Farm groups and their allies in Congress are likely to seek billions of dollars in new federal assistance, said analysts.
Coronavirus payments leap by $2 billion in one week
In its largest payout since the program began, the USDA sent $2 billion in coronavirus aid to farmers and ranchers last week, most of it going to producers who had received a prorated payment earlier this summer.