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Archive for the ‘Idaho Farm Loans’ Category

Idaho Farmers Plan Season

Friday, April 2nd, 2010

Idaho farmers are now planning their seasons based off the USDA’s annual estimates for the upcoming growing season.

Every year the USDA releases a report of what the USDA thinks farmers are planning for the up-and-coming season. Although farmers were expecting higher numbers for Idaho, it works as a guide of what to plant, how much and how to market the crops.

“In a market based economy it’s supply and demand that set price and so one of the first things you need is an estimate of what the supply is going to be,” explained Paul Patterson, an Agricultural Economist at University of Idaho told KDIK.

The study focuses mostly on grains and corn, but a number of other crops are predicted as well.

The numbers will change over the season, especially once farmers start reporting back to the USDA. However, it is the ideal guide for farmers across the country.

Click here to see the entire report.

Federal Reserve stated interest rates likely to rise. Refinance your farm loan before rates go up. Call a representative by dialing 866-929-5585 or visit us online.

Eastern Idaho Gains Wind Farm

Friday, April 2nd, 2010

Blackfoot, Idaho will soon be the home of a 33-wind turbine farm stretched across 2,971 acres of farm land.

The proposal was approved by the Planning and Zoning committee at a meeting last week. The project was proposed by Western Energy of Utah. Melody Halstead, Planning and Zoning Administration told Idaho State Journal that no one opposed the idea at the meeting, but if an appeal is filed within ten days of the approval the project will be halted.

Wind farms are popping up across the country because they are an innovated way for farmers to add a new income from their land and make extra money. There are a variety of low-rate loans available from the USDA to cover expenses through programs such as the Rural Development Program. The government offers a number of subsidies as well for those generating renewable energy. For more information visit the USDA’s website.

Inflation fears? Refinance with Farm Plus before farm loan rates rise. Farm loan rates starting at 2.95% with 25 year terms. See our rate sheet here or call, toll free, 866-929-5585.

Idaho Senate Passes Poultry Bill

Friday, April 2nd, 2010

After California residents voted to tighten the regulations on poultry farms to avoid animal cruelty, Idaho’s senate is preparing for a large expansion of the state’s own poultry industry.

The Senate has passed a bill that restricts the size of poultry farms on the grounds of what impact it will have on the environment. Idaho leaders feel that many poultry farms will relocate from California to avoid the new law.

Senator Tim Corder (R-Mountain Home) and the chairman of the Senate Agricultural Affairs Committee proposed a 40-page bill on March 16. The bill asked that the poultry and swine regulations be moved from the Department of Environmental Quality and placed under the Idaho State Department of Agriculture.

As we go forward in these times, we find more and more groups that are critical of the state’s management of water quality and air quality, and we want to provide some assurances that we’re serious about that as a state and not only that, but the industry’s serious,” Corder said at Tuesday’s hearing

The bill puts a limit on the size of the farm, the permits allowed per poultry farm and groups the various operations across the state by size.

Looking to refinance while rates are at historic lows? Farm Plus has low-rate farm and ranch loans starting at only 2.95%. Call 866-929-5585 to speak with a representative or visit our website for more information.

Idaho Producers Fear Drought

Wednesday, March 24th, 2010

Producers in Idaho are hoping for a cool, wet spring in order to have a successful growing season. Low snow fall has left the state at only 50 to 75 percent of its average water levels.

Officials fear that Idaho is at its driest since 1961. If the spring isn’t cool and wet, the state could end up in a drought. Idaho would be the next state on the ever growing list of drought states. California tops that list having been in a drought for the past three years.

Looking to refinance before rates rise? Farm Plus has low-rate loans starting at only 2.95%. Call 866-929-5585 to speak with a representative or visit us online for more information on agricultural and rural loans.

NRCS Deadline Approaching for Idaho Producers

Thursday, February 25th, 2010

Idaho producers interested in participating in the USDA’S Natural Resources Conservation Services program must apply by February 12, 2010 to receive assistance for the 2010 year.

As part of The Farm Bill, the program is designed for producers interested in protecting or improving natural resources on their land.

“Whether they’re interested in improving irrigation efficiency, improving wildlife habitat, protecting water quality or reducing erosion,” said Jeff Burwell, NRCS State Conservationist, “chances are, we have a program that can provide both technical and financial assistance for qualifying applicants.”

In 2009 Idaho producers received $19 million in assistance.

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.

Economist Disagrees With new Program

Monday, February 8th, 2010

Tom Vilsack announced the requirements and steps to apply for The Dairy Economic Loss Assistance Payment and Idaho economists are skeptic to weather the plan will truly help farmers in the end.

Mike Brown, dairy economist for Glanbia Foods in Twin Falls, said the program is a one time payment to farmers that limits payments to no more than six million pounds annually. This covers only 40 percent of Idaho’s milk production.

He feels that the smaller farms in the northeast and Midwest states are the only ones who will really benefit from the new program. Idaho dairy will only receive 13 cents for every 100 pounds of milk produced.

Although the money will help, it is not nearly enough to help Idaho farmers in crisis.

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.

A Spudly Year

Friday, August 28th, 2009

U.S. producers planted more potatoes this year than last according to industry officials.

933,000 acres of potatoes were planted this year, up from 931,000 in 2008. This number comes from the July 10 acreage estimate from the USDA.

Although it is early to have a definite answer, USDA estimates show there may be a good balance between supply and demand in the fall.

“At this point, acreage is in the ballpark of where it should be,” Lee Frankel, president of the United Potato Growers of America, said.

Idaho is the state who made the biggest jump this year planting 305,000 acres which is up from 320,000 last year.

Are you interested in purchasing land? Do you need loans to cover production costs? Contact Farm Plus today at 866-929-5585 to discuss low-rate farm loans! Stop by our website for more information on farm loans.

Grain Growers Strongly Disagree with Obama’s Plan

Monday, April 6th, 2009

Grain industry leaders in Oregon, Washington and Idaho wrote a letter to President Obama opposing his proposal to cut payments to farms with revenue over $500,000.

“The purpose of the five-year Farm Bill is to provide stability for producers, agricultural operations and our nation’s food system,” the letter stated. “We believe it’s unwise and unacceptable to dismantle this critical piece of legislation before it has even had a chance to be fully implemented.”

This change would effect over 1,200 Oregon farmers. “The premise is that USDA farm dollars would be going to those who are most in need of money,” Jane Harden, the executive director of the Umatilla County Farm Service Agency told The East Oregonian. “But $500,000 is not much money- it’s actually a very small dollar amount.”

Many expect the proposal to not pass because 50 Congress members already signed a letter opposing it. “Direct payments are necessary to shore up the operating loans needed to make a farm work,” Tammy Dennee of the Oregon Wheat Growers League added.

Denee said the purpose of the letter wasn’t to stop the proposal, but better inform the president of the impact this decision will have. “It’s our opportunity and challenge to help Congress and the new administration understand the interdependence of these programs and how they are viewed in the countryside by growers and their bankers.”

If you are interested in purchasing farm land contact Farm Plus today. Low rate farm loans are available for a variety of needs. Call 866-929-5585d or visit online for more information about farm loans.

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