Farms.com Home   News

USDA Under Secretary Bonnie Visits Pennsylvania, Announces New Funding

Robert Bonnie, U.S. Department of Agriculture (USDA) Under Secretary for Farm Production and Conservation, visited Pennsylvania’s State Technical Committee on April 16 to make some important announcements. 

Bonnie met with Federal, State, and other conservation partners in Harrisburg, Pennsylvania. He announced the availability of an historic $1.5 billion in fiscal year 2024 to invest in partner-driven conservation and climate solutions through the Regional Conservation Partnership Program (RCPP), as part of President Biden’s Investing in America agenda. 

USDA is accepting project proposals now through July 2, 2024, that will help farmers and forest landowners adopt and expand conservation strategies to enhance natural resources while tackling the climate crisis. “These projects in turn can save farmers money, create new revenue streams, and increase productivity,” said Bonnie.

To date, Pennsylvania Natural Resources Conservation Service (NRCS) has awarded over $76 million to conservation partners through RCPP, leveraging over $107 million in partnership contributions. This $183 million has been utilized to install and implement conservation practices on Pennsylvania’s farms and forests.  However, the demand is great among Pennsylvania’s forestry and agricultural producers; and the need to improve water quality and wildlife habitat is imperative. Pennsylvania has over 28,000 miles of impaired streams, and over 660 species designated in greatest conservation need. "The $1.5 Billion in RCPP highlighted by Under Secretary Bonnie will go a long way to continue to improve water quality, restore wildlife habitat, and sequester carbon," said Denise Coleman, Pennsylvania NRCS State Conservationist. Under Secretary Bonnie encouraged Pennsylvania’s state and local agencies and nongovernmental organizations to apply for this historic, once in a generation opportunity.

Source : usda.gov

Trending Video

U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!