Prospects dim for USMCA this year, says CoBank

U.S. farmers are harvesting crops for the second year in a row under the shadow of hefty tariffs, says agricultural lender CoBank, pointing to uncertainty over trade policy, late-maturing crops and African swine fever. “It is also increasingly unlikely that the United States-Mexico-Canada …

Drought weakens but California farm losses to top $1 billion

California growers will idle less land than previously due to drought but losses will be around $1 billion to $1.5 billion, compared to an estimated $1.8 billion in 2015, says agricultural lender CoBank. Losses would fall heaviest on farmers with corn, wheat, cotton, alfalfa and pasture land.

Rural infrastructure fund makes first investments

The first round of funding for rural infrastructure projects was released by the year-old U.S. Rural Infrastructure Opportunity Fund that mixes public and private capital, said the USDA.