In fact, the USDA predicts the $113 billion earned in 2014 will be the lowest amount of net farm income in five years. That’s equal to about a 14 percent fall from last year’s record amount, thanks mostly to a massive drop in crop prices.
Americans consume a lot of sweets. Even discounting all the high fructose corn syrup you find in soft drinks, the average consumer takes in about 40 pounds of refined sugar in a year, according to the USDA.
That means food companies from Nestle to Hostess and small neighborhood candy stores have to buy sugar. Lots of it. And those bakers and snack food makers say the government gives too much support to sugar growers and consumers are footing the bill.
As lawmakers debate the Farm Bill in Washington, millions of dollars are at stake for small businesses across the country. Rural development grants go out to everything from home loans to water projects to small co-ops.
With budget cuts likely, the U.S. Department of Agriculture is adjusting how these funds are used, and proposing changes to the word “rural.” But there’s concern that a tighter belt at the federal level means farmers and ranchers in small towns will be left behind.
The USDA’s amended COOL rule will require packers and retailers to include more information on labels on beef, pork, lamb, chicken and goat meat, specifically where the animal was born, raised and slaughtered.
Currently, labels only require companies to include where the animal was born.
Companies are also now barred from commingling cuts of meat from animals of different origins, which could make it easier to trace contaminated products. The USDA estimates these labeling changes could cost more than 7,000 companies up to $192 million.
Even though the use of antibiotics in livestock feed has been linked to an increase in drug-resistant bacteria, the U.S. Food and Drug Administration recently backed away from a 30-year-old proposal that would ban the use of antibiotics tetracycline and penicillin in livestock feed.
The U.S. Department of Agriculture announced Monday that it will close 259 of its facilities as part of an effort to save about $150 million.
The closings will encompass offices, labs and other operations. The plan will affect the USDA's Washington D.C. headquarters, facilities in 46 states and its international operations. The USDA’s budget is currently about $145 billion.
The Kansas Bioscience Authority said at its annual meeting this week that the USDA will partner with Kansas to promote bioscience research.
The KBA says the partnership is a huge benefit to existing efforts to collaborate with local and state governments. The KBA also collaborates extensively with venture capital companies. The KBA has invested 50 million dollars in bioscience research, and has attracted a number of firms to the area who have promised to invest up to 200 million dollars.