Interesting story on a proposed cut to agriculture in the recently released federal budget from President Donald Trump.
Go to http://www.agriculture.com/news/business/crop-insurance-cut-36-in-trump-budget to check out the story.
Showing posts with label federal budget. Show all posts
Showing posts with label federal budget. Show all posts
Thursday, May 25, 2017
Saturday, March 18, 2017
Trump Wants Nearly 21 Percent Cut to USDA Budget
Go to http://www.reuters.com/article/us-usa-trump-budget-agriculture-idUSKBN16N0CS to see the Reuters story.
Tuesday, October 1, 2013
USDA Loan Program Makes Reductions Due to Federal Sequester
News from the USDA:
USDA’s Farm Service Agency (FSA) announced Monday several adjustments to commodity loan programs to accommodate the automatic funding reductions known as sequester that are mandated by the Balanced Budget and Emergency Deficit Control Act of 1985 as amended by the Budget Control Act of 2011.
The programs, which provide interim financing for agricultural commodities to be stored after harvest and sold throughout the year when unaffected by harvest-season pressure on prices, are subject to sequester reductions of 5.1 percent. With commodity loan programs operating on a crop year basis and Sept. 30 marking the end of the federal fiscal year, adjustments will occur for the 2013 crop year as follows:
Loan-making for all commodities will be suspended on Oct. 1 and are targeted to resume mid-October. Loan repayment and loan servicing for all disbursed commodity loans will continue. Beginning in mid-October, the 2013 crop loans, and if applicable, loan deficiency payments (LDPs) will receive 5.1 percent reductions. Re-pledged 2012 crop sugar loans are not subject to sequester. 2013 crop loan rates are not affected.
Commodity loans issued by FSA, marketing associations and loan servicing agents are all subject to these reductions.
USDA’s Farm Service Agency (FSA) announced Monday several adjustments to commodity loan programs to accommodate the automatic funding reductions known as sequester that are mandated by the Balanced Budget and Emergency Deficit Control Act of 1985 as amended by the Budget Control Act of 2011.
The programs, which provide interim financing for agricultural commodities to be stored after harvest and sold throughout the year when unaffected by harvest-season pressure on prices, are subject to sequester reductions of 5.1 percent. With commodity loan programs operating on a crop year basis and Sept. 30 marking the end of the federal fiscal year, adjustments will occur for the 2013 crop year as follows:
Loan-making for all commodities will be suspended on Oct. 1 and are targeted to resume mid-October. Loan repayment and loan servicing for all disbursed commodity loans will continue. Beginning in mid-October, the 2013 crop loans, and if applicable, loan deficiency payments (LDPs) will receive 5.1 percent reductions. Re-pledged 2012 crop sugar loans are not subject to sequester. 2013 crop loan rates are not affected.
Commodity loans issued by FSA, marketing associations and loan servicing agents are all subject to these reductions.
Thursday, March 21, 2013
Budget Sequester Hurting Ag Research
Go to http://southeastfarmpress.com/vegetables/agricultural-research-continues-funding-scramble to read about how the sequester is hurting ag funding.
Thursday, February 21, 2013
Farm Programs Targeted for Federal Budget Cuts
Some farm programs are targeted for federal budget cuts.
Read about it http://www.fb.org/index.php?action=newsroom.newsclip&id=69791 at this link.
Read about it http://www.fb.org/index.php?action=newsroom.newsclip&id=69791 at this link.
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