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AG NEWS

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

Mo. River Farmers Sue Federal Govt. Lawsuit Seeks Flood Compensation for Farmers Along 274-Mile Stretch of Mo. River
USDA Details Quality Loss Program for Farmers Hit by Natural Disasters
Purdue/CME Group Poll Shows Farmer Sentiment Rises As Income Prospects Improve
Assistance Available for 2018, 2019 Natural Disaster Losses
Top 10 Ag Stories of 2020 – #6 Companies Wave White Flag in Face of Legal Scrutiny of Ag Chemicals
Equipment Roundup: Kioti’s Banner Year, New Challenger, New Deere Offer
Can corn’s winning streak continue?
Biden-Sanders Unity Task Force recommendations: What about ag?
Another double-digits gain for the soybean market Tuesday
Demand for U.S. soybeans will continue to go up and Brazil can’t compete, says strategist
U.S. renewable fuel credits surge after lawsuit
World Ag Expo moves online for 2021
Pandemic tops trade war in USDA payments to farmers
Funding the Future of Agriculture
Phase One Ag Targets Lag, But U.S. Soybean and Corn Exports to China Surge
The Importance of Highways to U.S. Agriculture,” a Report from USDA’s Agricultural Marketing Service
China to Boost Corn Acreage in 2021
U.S. Wheat Associates Releases Film "Wholesome: The Journey Of U.S. Wheat"
Progressive Farmer: Top 10 Ag Stories of 2020 – #2 Despite Strong Support From Farmers and Rural America, President Trump Loses Election
Why the South American soybean crop is more important than you think
USDA: Agricultural Imports Have Grown Significantly Over Last Quarter Century
USDA to complete fifth round of food purchases with continuation of food boxes
Biden: U.S. will consider emergency rule to protect workers from coronavirus
2020 year in review for Texas Department of Agriculture
Texas ‘wild pig wars’ leader assumes role in national task force
CRS Report, “USDA’s Coronavirus Food Assistance Program: Round Two (CFAP-2)”
“The Importance of Highways to U.S. Agriculture,” a Report from USDA’s Agricultural Marketing Service
AgDay Analysis: January Grain Rally is “Rare”
Farm Succession Planning with COVID-19 in Mind
Why $15 Soybeans May Be a Reality in the New Year
Food box program continuing with $1.5B from relief bill
New Congress launches with new faces for US ag
Cotton Prices Rise as Lack of Rain Shrinks Crop
DTN Cotton Closing: Cotton Off on Dow Two-Step
Trump’s Trade War Will Be Left for Biden to Win
FCC Issues New Report "Impact of Broadband Penetration on U.S. Farm Productivity"

NEWS RELEASE: 12.31.2020

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.

CHANGES FOR MULTI-COUNTY ENTERPRISE UNIT PILOT ENDORSEMENT

Summary of Changes for the Multi-County Enterprise Unit Pilot Endorsement
Multi-County Enterprise Unit Endorsement FAQ
Enterprise Unit Fact Sheet

IA Crop Insurance Statistics

NE Crop Insurance Statistics

USDA Launches Online Farm Loan Discovery Tool

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2020 Ag Risk Management Guide

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