March 29, 2017, Washington DC-The House Agriculture Committee hearing reviewed the Farm Credit System (FCS). Members of the committee heard from representatives of the Farm Credit Administration as well as representatives from institutions that provide credit. The hearing highlighted the century-long mission of FCS to provide credit to rural communities in both good times and bad, and it reviewed the overall health of the system.
Congress established the FCS in the Federal Farm Loan Act of 1916 at a time when credit was largely unavailable or unaffordable in rural areas, and lenders avoided agricultural loans due to their associated risks. The FCS was created to provide a permanent, reliable source of credit to American agriculture.
“Modern agriculture is far more complex than it was 100 years ago. With advances in agricultural technology, increasing global competition, rising input costs, and greater regulatory burdens, U.S. producers require more capital to keep their businesses afloat. That’s why it is so essential that farmers and ranchers across the country have access to reliable sources of credit. FCS has long played a crucial role in meeting that need, and I am confident that it will continue to do so for years to come,” said Agriculture Committee Chairman K. Michael Conaway.
Mr. Dallas P. Tonsager, Chairman and CEO, Farm Credit Administration, McLean, VA
Mr. Jeffery S. Hall, Member of the Board, Farm Credit Administration, McLean, VA
Mr. James Dodson, Chairman, Farm Credit Bank of Texas Board of Directors, Robstown, TX
Mr. Doug Stark, President and Chief Executive Officer, Farm Credit Services of-America, Omaha, NE
Mr. Tom Halverson, Chief Executive Officer, CoBank, Denver, CO
The export market is becoming more important to U.S. beef producers.
Here at home, we are eating more beef. A decades-long downward trend in per person consumption of a popular food item may finally be reversing itself. Gary Crawford and Shayle Shagam.
The President’s nominee for Agriculture Secretary says he’ll be a major voice in the Administration for trade agreements that benefit agriculture. Gary Crawford and Sonny Perdue.
Ag Secretary Nominee On Cuba as a potential ag export market. The nominee for Agriculture Secretary believes Cuba is a potential market for US ag goods, based on a trade mission he led as Governor of Georgia. Rod Bain and Secretary nominee Sonny Perdue.
March 27, 2017-Washington, DC – The National Cattlemen’s Beef Association today sent a coalition letter to President Donald Trump, urging him to raise the restoration of U.S. beef access to China when he meets with Chinese President Xi Jinping in April. Leaders from the U.S. Meat Export Federation and the North American Meat Institute also signed the letter.
American beef producers have been denied access to China – a $2.6 billion import market — since 2003. Last fall China announced that it had lifted its ban on imports of U.S. beef, but attempts since then to negotiate the technical terms of access have been unsuccessful.
“We believe that access to the large and growing Chinese beef market is essential to the future health of the U.S. beef industry,” read the letter, which was signed by NCBA’s CEO, Kendal Frazier. “We understand that you have many important issues to discuss with President Xi, but we strongly encourage you to take this important opportunity to convey the urgent need for China to reopen its market to U.S. beef.”
In 2016, American beef producers sold $6.3 billion worth of U.S. beef to customers around the world, with three of the industry’s top foreign markets located in Asia.
Full transcript at the Agrinet® AgBiz News tab. U.S. Senator Pat Roberts, U.S. Senator Debbie Stabenow, Governor Sonny Perdue, the President’s nominee for U.S. Secretary of Agriculture.
Ag Secretary nominee Sonny Perdue does not support a total ban on meat products from Brazil, in the wake of a tainted meat scandal there. Stephanie Ho and Ag Secretary Nominee Sonny Perdue.
Farm Ops, a program supported in part by USDA, gives veterans opportunity to develop real life ag skills leading to a potential career in farming or ranching. Anu Rangarajan of Cornell University Extension.
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