Borden Closes Plants and Census of Agriculture this Fall
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**On Aug. 3, Borden Dairy announced its closing processing plants in Dothan, Alabama, and Hattiesburg, Mississippi by Sept. 30, along with other distribution branches.
The www.gfb.org reports, that left milk producers scrambling to find processing facilities and some school districts working to avert potential supply interruption for school milk programs.
Since May, Borden, which has filed for bankruptcy, has sold, closed or leased nine of its 14 processing facilities.
www.gfb.org/media-and-publications/news.cms/2022/1334/borden-closing-dairy-plants-in-alabama-and-mississippi/?utm_source=ConstantContact&utm_medium=Email&utm_campaign=GFBFieldNotes083122
**America’s farmers and ranchers will soon have the opportunity to be represented in the nation's only comprehensive and impartial agriculture data for every state, county and territory.
The USDA will mail the 2022 Census of Agriculture to millions of ag producers across the 50 states and Puerto Rico this fall.
The 2022 Census of Agriculture will be mailed in phases, starting with an invitation to respond online in November, followed by paper questionnaires in December.
**USDA’s Economic Research Service reports the interest expense ratio of farms was 0.04 in 2020, remaining in line with the long-term trend and initial forecasts, despite the pandemic.
The interest expense ratio is calculated by dividing interest expenses by the sum of the value of production and Government payments for a given year.
Interest expenses are the costs incurred by farm operations when debt is used to finance farm activities.
