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Posts Tagged ‘dairy farmers’

2010 Budget Includes Relief

Tuesday, December 8th, 2009

A bill passes last week in the senate offering $350 million in emergency funding for the agriculture industry. This comes form $121 billion spending bill set for the 2010 budget year, and of this money $290 million will go as direct payments to farmers.

Aside from payments to farmers, $60 million of this will be used by the government to buy cheese and other dairy products that will be donated to nutrition programs and food banks.

Some struggling farmers are breathing a sigh of relief. Bonnie Ayers, operator at Land of Living Farm, told an Ohio newspaper, “When you take into account the costs associated with the animal’s health issues, the cost of feed, farm employment, and add to that a struggling economy, it’s become too difficult for farmers to survive.” She added that the average farmer with 100 cows is losing up to $10,000 a month.
In the past year, milk prices dropped below $10 per hundredweight, or 100 pounds, a standard measure used on dairy farms.

There is no word on how much each farmers will receive.

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$60 Million Requested

Tuesday, December 8th, 2009

New York senators are pushing for $60 million for dairy farmers struggling during the current hard times.

“The dairy industry is suffering mightily right now,” Catharine Young told the Chautauqua County Farm Bureau during at its annual meeting. “This is more like a depression than anything else for the dairy industry.” Young feels that $60 million would stimulate the rural economy.

Young proposed the 2009 Dairy Investment Act for immediate assistance to farmers who cannot afford loans or have maxed their credit out.

The USDA will be receiving $290 million set to aid dairy farms across the country, and $45 million is expected for New York farms. Despite this, New York farmers will suffer $400 to $600 million in losses this year. New York is the third-leading dairy producer in the country.

Farm loan rates starting at 2.99%. Lock in before farm loan rates rise. Contact Farm Plus by clicking here or calling toll free 866-92-5585.

U.S. Justice Department Planning Workshop

Tuesday, December 8th, 2009

The U.S. Department of Justice is going to hold a “workshop” in Wisconsin concerning antitrust issues with the dairy industry.

U.S. Senator Herb Kohl made the announcement after Kohl and other legislators pushed the Justice Department and the USDA to look into antitrust enforcement, but mostly the consolidation of milk processors and noncompetitive practices.

The less competition, the less money farmers are getting for their products.

“Dairy farmers across the nation are facing acute economic pain,” Kohl said in a press release. “They are being battered by a perfect storm of high input costs and historically low dairy prices. They’ve lost more than $4 billion in equity. Their stories are compelling and painful and we have to find a better system.”

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.

New Law Aims to Help Dairy Farmers

Thursday, July 16th, 2009

Connecticut Governor M. Jodi Rell signed a measure that is meant to help the state’s $1 million dairy industry cope with the struggling dairy industry.

The new law features a two-year payment program that will “preserve valuable farmland,” according to a press release. The money for the program will come from a $40 fee that is from recording municipal land documents.

The Farmer’s Cow Production Cooperatives supported the legislation.

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