Florida Ag HOF Banquet and Ag Lending Slows

Florida Ag HOF Banquet and Ag Lending Slows

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**Tickets are now on sale for the 43rd annual Florida Agricultural Hall of Fame banquet, which will honor five inductees who’ve made invaluable contributions to Florida agriculture.

The Hall of Fame induction ceremony will be held February 15, where this year’s inductees will be recognized along with the Class of 2021 inductees, as last year’s banquet was cancelled due to COVID-19.

The banquet will be held in the Entertainment Hall at the Florida State Fairgrounds in Tampa.

Tickets can be found online at

https://floridaaghalloffame2022.eventbrite.com .


**Smaller sized loans limited agricultural lending activity at the end of 2021.

The Survey of Terms of Lending to Farmers shows non-real estate agricultural loans at commercial banks decreased by 13% in the fourth quarter, and the yearly average was the lowest since 2012.

The Kansas City Federal Reserve Bank data shows the decline was driven by a sharp drop in operating loans and lending at banks with the largest farm loan portfolios.

**The USDA announced a $9 million investment in new Cooperative Extension and USDA Climate Hubs partnerships, looking to bolster climate research and connect and share climate-smart solutions for the ag community.

Ag Secretary Tom Vilsack says the partnerships “will strengthen climate research efforts and accelerate the development, adoption and application of science-based, climate-smart practices that benefit everyone.”

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