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USDA sets April loan rates as farmers weigh borrowing costs

USDA sets April loan rates as farmers weigh borrowing costs

The U.S. Department of Agriculture has announced updated loan interest rates for April, offering a key benchmark for producers making financing decisions ahead of the planting season. Operating loans are set at 4.75%, while farm ownership loans will carry a 5.75% interest rate. The rates reflect broader trends in credit markets as borrowing costs remain elevated compared with recent years. Farmers often rely on USDA-backed loans to cover expenses such as seed, equipment and land purchases....

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Ernst backs Glen Smith, USDA restructuring plan

Ernst backs Glen Smith, USDA restructuring plan

Another Iowan could soon be stepping into a key USDA leadership role, while the department also looks to reshape how it operates across the country. Senator Joni Ernst says Glen Smith is moving through the confirmation process for a USDA under secretary role, calling...

Feeding the Economy report shows agriculture’s impact

Feeding the Economy report shows agriculture’s impact

Each year, the Feeding the Economy Report measures the downstream, off-the-farm economic impact of U.S. agriculture. Danny Munch, an economist with the American Farm Bureau Federation, said the report tracks three layers of impact. Munch said when you combine those...

Hog inventories up in March

Hog inventories up in March

The latest Quarterly Hogs and Pigs Report from USDA shows an increase in inventories. USDA livestock analyst Michael McConnell says the total number of hogs in the U.S. is up compared to this time a year ago. McConnell says hog inventories remain stable, adding that...

Ernst: 45Z must reflect Iowa farm practices

Ernst: 45Z must reflect Iowa farm practices

As federal agencies continue working through the rulemaking process for the 45Z clean fuel production credit, Iowa Senator Joni Ernst says the final guidance must reflect the work farmers are already doing on the ground. She says she and Senator Chuck Grassley have...

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