Post by Logan on Oct 23, 2016 3:49:37 GMT -6
BILLINGS, Montana — A bill Sen. John Hoeven (R-N.D.) co-introduced with Sen. Amy Klobuchar (D-Minn.) that would raise the maximum loan amounts for farmers and ranchers under FSA programs was mentioned positively multiple times during a farm bill panel that included cattle ranchers and farmers put on by Sen. Jon Tester (D-Mont.) Monday.
The Capital for Farmers and Ranchers Act is intended to help both farmers and ranchers navigate a low-price environment, in which cattle and wheat — two of the MonDak’s top commodities — are facing historic lows. Meanwhile, on top of that, vomitoxin has struck wheat farmers in both northwestern North Dakota and northeastern Montana, deepening the pain for both. Such high vomitoxin means that even using it for feed can be problematic, and many have said they will have to burn the contaminated crop..
The Hoeven-Klobuchar measure would raise caps on Farm Service Agency direct farm loans, operating loans, and ownership loans, as well as guaranteed farm loans, operating loans and ownership loans.
“This legislation is really important for our farmers and ranchers now, so that they can get access to credit during these challenging times with low commodity prices,” Hoeven said when the bill was introduced. “It will help them to maintain their operations so that they can continue to provide affordable, high-quality food to the American people.”
Read more: www.willistonherald.com/news/hoeven-bill-gets-talked-up-during-montana-farm-bill-panel/article_991ccec2-9590-11e6-9075-ff10202e28fc.html
The Capital for Farmers and Ranchers Act is intended to help both farmers and ranchers navigate a low-price environment, in which cattle and wheat — two of the MonDak’s top commodities — are facing historic lows. Meanwhile, on top of that, vomitoxin has struck wheat farmers in both northwestern North Dakota and northeastern Montana, deepening the pain for both. Such high vomitoxin means that even using it for feed can be problematic, and many have said they will have to burn the contaminated crop..
The Hoeven-Klobuchar measure would raise caps on Farm Service Agency direct farm loans, operating loans, and ownership loans, as well as guaranteed farm loans, operating loans and ownership loans.
“This legislation is really important for our farmers and ranchers now, so that they can get access to credit during these challenging times with low commodity prices,” Hoeven said when the bill was introduced. “It will help them to maintain their operations so that they can continue to provide affordable, high-quality food to the American people.”
Read more: www.willistonherald.com/news/hoeven-bill-gets-talked-up-during-montana-farm-bill-panel/article_991ccec2-9590-11e6-9075-ff10202e28fc.html