USDA Funds Combat Climate Change and Ag Credit Conditions Remain Strong
**The USDA says all cattle and calves in the U.S. and Canada combined to total 111 million head on July 1, down 2% from July 1 of last year.
All cows and heifers that have calved, at 44.5 million head, were down 2%.
All cattle and calves in the U.S. as of July 1, totaled 98.8 million head, down 2%.
All cows and heifers that have calved came in at 39.8 million head, also a 2% drop.
**The USDA announced $121 million in funding for critical infrastructure to combat climate change in rural America.
The investments include $111 million for 289 projects to help people living in socially vulnerable communities.
USDA Deputy Secretary Dr. Jewel Bronaugh says the investments will “strengthen our energy security, create good-paying jobs and save Americans money on their energy costs.”
**The Kansas City Federal Reserve Bank reports agricultural credit conditions remained strong in the second quarter, but slower improvement is expected in the coming months.
www.agrimarketing.com reports, farm income increased further according to respondents of the Federal Reserve Surveys of Agricultural Credit Conditions, but the pace of increase slowed from recent quarters and further softening was expected going forward.
Strength in farm finances continued to support a positive outlook for agricultural credit conditions through the remainder of 2022.