USDA entered the year with nearly $31 billion for financial assistance to farmers experiencing economic and natural disasters. Many are now wondering how payments will be calculated and distributed.
Executive Head of Terrain, John Newton spoke with RFD-TV’s own Tammi Arender on how these payments vary by crop, the timing of the payments, and what producers need to keep in mind.
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Agricultural exports continue to be a key contributor to rural employment. However, rural businesses still struggle to fill numerous job openings.
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
Farm CPA Paul Neiffer joins us to provide an updated analysis of projected ARC and PLC payments and potential delays due to the ongoing government shutdown.
“It, all of a sudden, says that tracking and fighting hunger is not a priority, apparently, at the federal level.”
In a final rule published in the Federal Register, the Department states that it will no longer base wage rates on the Farm Labor Survey.
Farmers are in the midst of harvest as the government descends into a shutdown and the Farm Bill expires. Key federal departments, crop reporting, and aid programs important to the agricultural sector are now on hold.
