Vilsack to Announce New Loans for Beginners and Small Farms

Jan 15, 2013

Up To $35,000 Now Available in Microloans for Farmers

U.S Department of Agriculture Secretary Tom Vilsack will announce today that new loans are now available to those interested in starting a farming business or existing farmers looking to expand their small farming operations. The intent behind the microloans is to help small family-farms expand their businesses and allowing new entrants to farming a means to secure start-up financing.

The loans are also extended to veterans and socially disadvantaged farmers who may not otherwise qualify for traditional farms loans or loans from other programs offered by the U.S.D.A.

These loans can be used to produce organic crops that can be sold directly to farmers markets, buy delivery vehicles, seeds, tools, fertilizers and irrigation equipment, among other things. The new loan program uses a simplified application process which makes applying even easier.

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

Agri-Food Innovation Excellence Award Deadline [Friday Jan. 18th]

Ontario Government Helps Promote Corn-Fed Beef Program