Financial aid is now available for crop growers impacted by natural disasters. USDA has launched applications for Stage 1 of its Supplemental Disaster Relief Program (SDRP), providing assistance to those who suffered losses over the past two years.
American Farm Bureau Economist Danny Munch joined us on “Market Day Report” for a closer look.
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Experts estimate the flooding from Hurricane Helene caused more than $1.3 billion in damage to Tennessee agriculture.
As the Trump Administration seeks out new global trade partnerships, Congress is considering more support for farmers, which comes as the Federal Reserve warns that farmers need a safety net.
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The $221 million will help farmers and ranchers cover losses from Hurricane Helene that USDA programs didn’t cover. They’ll focus on infrastructure, markets, timber, and future economic losses.
The trustees’ 2025 annual report, released June 18, cited a law enacted this year as the primary reason why the funds are projected to run out a year earlier than previously projected.
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