Farm Service Agency Resumes Loan Processing for Peanut Industry
1 report, 1 independent
Updated Fri 00:00
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What happened
The Farm Service Agency resumed core operations, including farm loan processing, ARC, and PLC price loss coverage payments, following a government shutdown. Market loan assistance is now available to peanut farmers. Previously, the peanut industry could not secure loans or place peanuts to receive the minimum price of $3.55 per ton.
From southeastagnet.com
Why it matters
The resumption of services provides critical support to the peanut industry. Farmers who had graded and warehoused peanuts can now complete the necessary paperwork to secure farm loans. This allows the industry to access market loan assistance.
From southeastagnet.com
Who's involved
- Farm Service AgencyAgency of the United States Department of Agriculture
- Donald TrumpHis political directives determine the programs administered by the Farm Service Agency
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The entities involved
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Farm Service Agency
agency of the United States Department of Agriculture