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02.04.16

USDA Forecasts 9% Growth in Renewable Energy Production
China Clears Monsanto’s Xtend Soybeans for Import
Dow & DuPont Merger to Face Anti-Trust Implications
Soybeans Close Nearly a Dime Lower
Farmers Aren’t Exactly Thrilled About Syngenta Deal
Lender Shares Economic Snapshot of IN, OH, KY & TN

Filed Under: Ag News

AG NEWS

01.21.2021

Biden Administration Announces Foreclosure Moratorium and Mortgage Forbearance Deadline Extension That Will Bring Relief to Rural Residents
U.S. Department of Agriculture Announces Key Staff Appointments
Stimulus Bill: What Changes Will Affect Farmers?
Phillip Brasher | Farmers getting new crop insurance options for 2021
Biden Quick With 17 Executive Actions New President Looks to Unify Country, But Also Dial Back Actions by Trump
Marketers are preparing for 2021 crops – are you ready?
Why market corrections are healthy – including the corn market
Biden administration: Labor issues offer pros and cons
Ag trade advisers named for next five years
Soybeans take 65¢ haircut in two sessions
The markets look vulnerable to correction, analyst says
Agriculture is ready for climate mitigation, says Vilsack
First 100 days: Advocates say Biden should act quickly to boost workplace safety
Former Sec. Glickman: USDA Needs to Be Assertive on Climate
Tyson Settles Anti-trust Case For $221.5 Million
Biden White House announces regulatory ‘freeze’
Biden’s EPA pick talks WOTUS, biofuels, environmental justice, importance of ag, and more
Pilot Phase of Sustainability Grown Soybeans Launched

NEW: Farm PPP Loan Flowchart | AgWeb

Here are the steps:

Have you received formal forgiveness on your first draw PPP loan? If yes, you are unable to get any additional first draw PPP loan and you willjump to step #7. If no, go to step #2.
Have you requested loan forgiveness? If yes, you will need to discuss whether your bank will allow you to get an updated loan or not. This assumes the forgiveness is still with the bank. If it is with SBA you may not be able to get an additional first draw PPP loan.
Did your 2019 Form 1040 Schedule F show less than $100,000 of net income on line 34? If so, you may qualify to increase your PPP loan amount based on the amount of gross income shown on line 9 or either 2019 or 2020 (if that return has been prepared). If line 9 is greater than $100,000 and you had no employees, you can increase your loan to $20,833. If you had employees, you need to do the calculation as discussed in our Sunday January 10, 2021 post to determine the increase. |

Continue (8 steps in all).

01.06.2021

2020 Harvest Price Announcements

Corn: $3.99
Grain Sorghum: $3.79
Soybeans: $10.55

USDA’s Coronavirus Food Assistance Program 2

Watch this short youtube video on USDA’s Coronavirus Food Assistance Program 2

CFAP 2 payments will be made for three categories of commodities –

Price Trigger Commodities
Flat-Rate Crops
Sales Commodities.

Learn more at farmers.gov/cfap or call 877-508-8364 to speak directly with a USDA employee ready to offer assistance.

RMA Crop Indemnities 2020

2020 USA Map | Crop Indemnities (PDF)

2020 USA Table by State & County | Crop Indemnities (PDF: 50 Pages)

Press Release:

USDA Extends Deadlines, Defers Interest Accrual Due to COVID-19

WASHINGTON, August 5, 2020 – The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) today announced it will authorize Approved Insurance Providers (AIPs) to extend deadlines for premium and administrative fee payments, defer the resulting interest accrual and allow other flexibilities to help farmers, ranchers, and insurance providers due to the COVID-19 pandemic. Continue reading.