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Archive for December, 2009

The Value Added Producer Grant Program

Tuesday, December 8th, 2009

The USDA is accepting applications for loans to assist producers looking to add value to the commodities they produce. The Value Added Producer Grant Program (VAPG) will award $18 million in loans to farmers across the country.

In a press release Vilsack said, “These grants strengthen rural economies and create jobs by helping farmers and ranchers add value to their agricultural products by using them for planning activities such as feasibility studies, marketing and business plans, or for working capital,” Vilsack said. “This program also supports President Obama’s goal to expand our nation’s renewable energy resources by helping farmers develop renewable energy from agricultural products.”

Applicants may be awarded grants between $100,000 and $300,000. Projects that use existing agriculture products in non-traditional ways should be proposed; the more creative, the better. Any size business can apply for the loans, but small to medium-sized farms have the best chance (those with income less than $700,000 a year).

Those interested can apply via the internet or by mail. Contact your local Farm Service Agency for more information. Electronic applications must be submitted here.

Looking to refinance your farm loan before inflation hits? Farm Loan interest rates starting at 2.99% and terms up to 25 years. See our rate sheet or call 866-929-5585 to speak with a representative.

Youth Loans Available

Tuesday, December 8th, 2009

The USDA is offering youth loans to start and operate income-producing projects. The projects must be in participation of 4-H clubs, Future Farmers of America or similar organizations.

Applicants must be between 10 and 20 years old at the time of application and the projects must be part of a supervised program. An organization adviser must help plan and oversee the project and it must produce enough income to repay the loan.

This loan program is to help draw interest and participation of youth in the agriculture industry.

Available loans cannot exceed $5,000 and must be used to purchase livestock, equipment and supplies as well as rent or repair equipment needed for the project.

The current interest rate is 3.125 percent fixed over one to seven years depending on the loan.

Click here for more information.

Farm loan rates starting at 2.99%. Lock in before farm loan rates rise. Contact Farm Plus by clicking here or calling toll free 866-929-5585.

Corn Stover Needed for Strong Soil

Tuesday, December 8th, 2009

With a struggling economy, farmers are always looking for a way to make extra money. One way is to sell plant residue left behind from harvested cornfields.

This residue, known as corn stover, is purchased by energy companies to be turned into pellets for coal-fired power plants. The practice can bring in $20 per ton and most farms produce three tons per acre.

However, the University of Nebraska- Lincoln conducted research and found that farmers need the nutrients in the corn stover for good soil structure.

Farmers who sell this residue must replace the nutrients with fertilizer. The amount of money for fertilizer can range from $17 to $46 a ton.

Farm loan rates starting at 2.99%. Lock in before farm loan rates rise. Contact Farm Plus by clicking here or calling toll free 866-929-5585.

Michigan Passes Law

Tuesday, December 8th, 2009


Michigan Governor Jennifer Granholm signed a bill on Monday that extends “modest yet meaningful” protections to farm animals.

The bill is a result of negotiations between animal welfare and agricultural groups. The law states that animals must have specified room to stand up, turn around and walk. They must be able to extend all limbs.

Michigan is the seventh state to sign and enforce such laws. Animal rights are a heated debate across the country now with states like Ohio planning to vote on the issue in November.

Inflation fears? Refinance with Farm Plus before farm loan rates rise. Farm loan rates starting at 2.99% with 25 year terms. See our rate sheet here or call, toll free, 866-929-5585.”

Danger!

Tuesday, December 8th, 2009

The Penn State extension office offers great advice when it comes to fall harvest.

Without warning you can come across a slew of poisonous plants that are unsafe for you and your livestock. Are you prepared to identify these?

# Jimsonweed — The entire plant is poisonous (seeds are most toxic). Poisoning symptoms includes thirst, mood swings, convulsions, coma and death. The poisonous principles are solanaceous alkaloids.

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# Milkweeds — The entire plant is poisonous. Poisoning symptoms includes depression, muscle tremors, spasms, bloat and difficult breathing. The poisonous principles are glycosides and galitoxin.

# Nightshade species (eastern black nightshade, horsenettle, groundcherry ) — Vegetation and unripe fruit are most poisonous and wilted leaves are especially toxic. Berry contamination in soybean grain is more of a quality issue resulting from staining and mold. Poisoning symptoms include loss of appetite, salivation, weakness, trembling and paralysis. The poisonous principle is solanine which reportedly is destroyed by cooking, but ensiling probably does not reach a high enough temperature.

# Pokeweed — The entire plant is poisonous, especially the roots, shoots and unripe berries. Berry toxicity decreases as they mature. Poisoning symptoms include gastrointestinal cramps, weakened pulse, respiration and salivation. The poisonous principles are saponins, phytolaccine and alkaloid phytolaccotoxin and glycoproteins.

It is important to take the time to educate yourself on these plants and examine your fields often. Missing these plants in your fields can cause great harm to your animals.. and finances.

Looking to refinance your farm loan before inflation hits? Farm Loan interest rates starting at 2.99% and terms up to 25 years. See our rate sheet or call 866-929-5585 to speak with a representative.

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