Farm loan employees at the U.S. Department of Agriculture's Farm Service Agency will now need approval from billionaire Elon Musk's Department of Government Efficiency to issue loans over $500,000, according to a memo seen by Reuters on Wednesday.
Tag Archives U.S. farmers
US farm agency to require DOGE approval for some loans
The USDA offers loans to farmers who struggle to get credit from traditional lenders
Trump administration is ‘months away’ from direct payments to farmers, Rollins says
U.S. Agriculture Secretary Brooke Rollins said on Fox News on Thursday that the administration is "months away" from making a decision about whether to make payments to farmers to offset any impact from tariffs.
Ag trade deficit top priority for U.S. agriculture secretary
As U.S. secretary of agriculture Brooke Rollins took the stage at the Commodity Classic in Denver about 2,500 farmers inside the Colorado Convention Centre leapt out of their seats and gave her a standing ovation.
US farm groups want Trump to spare their workers from deportation
U.S. farm industry groups want President-elect Donald Trump to spare their sector from his promise of mass deportations, which could upend a food supply chain heavily dependent on immigrants in the United States illegally.
U.S. farm producers brace for hit to exports to China in Trump administration
Some U.S. agriculture producers are bracing for the prospect of a fresh trade war under U.S. President-elect Donald Trump again hitting exports of farm goods to China, but they said while any new tariffs would hurt, they felt better prepared.
U.S. grains: Soy recovers after hitting one-week low on Trump victory
Chicago Board of Trade soybean futures recovered on Wednesday after sliding earlier to a one-week low as Donald Trump's victory in the U.S. presidential election fueled concerns over prospects of another trade war with top-importer China.
Trump’s tariffs would reorder trade flows, raise costs, draw retaliation
Iowa farmer Bob Hemesath is worried that U.S. agriculture will pay dearly if Donald Trump wins Tuesday's presidential election and makes good on a vow to swiftly impose a 60 per cent tariff on Chinese goods and at least a 10 per cent levy on all other imports.
Speedy US corn and soy harvests strain farmers, storage capacity
Many Midwestern farmers still have grain left in storage from 2023 due to low prices
U.S. farmers are harvesting two of the largest corn and soybean crops in history at the fastest pace in years, straining their physical capabilities and their grain storage capacity. The massive influx of crops is testing growers who are already grappling with grain prices near four-year lows, stiff competition for global export sales and farm incomes that are down 23 per cent from a record high just two years ago.
Hurricane Milton caused $1.5-$2.5 billion in losses to Florida agriculture
Hurricane Milton caused an estimated $1.5 billion to $2.5 billion (C$2.1 billion to $3.4 billion) in damage to Florida's crops and agricultural infrastructure, according to a preliminary assessment released by the state's Department of Agriculture and Consumer Services on Thursday.
Trump’s trade threats a global concern
Importers and exporters around the world are uneasily analyzing what a 10 per cent tariff, or other border measures likely in a second Donald Trump U.S. presidential term, could mean for trade.
Canadian Cattlemen Presents: Depth of Field
