Net Cash Farm Income Higher and FSA Equity Investigation
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**USDA's Economic Research Service forecasts inflation-adjusted U.S. net cash farm income to increase $13.5 billion, or 8.7% from 2021.
In comparison, according to www.agrimarketing.com, U.S. net farm income is forecast to fall 0.6% from 2021 to $147.7 billion.
This after NFI increased by $44.4 billion, 42.6% in 2021 to the highest mark since 2013.
www.agrimarketing.com/s/142502
**The Equity Panel investigating discrimination wants USDA to consider eliminating the county committee system that’s played a big role in managing the Farm Service Agency’s programs.
Industry Update Dot Com says the Fairness Committee voted to recommend to Ag Secretary Tom Vilsack that the USDA do research and analysis on possibly ending the district county committee system and develop a fairer alternative.
The commission also recommends putting a program in place that ensures minority county committee councilors have access to the FSA administrator.
**America’s wheat growers have a history of valuing export markets by supporting a partnership with USDA’s Foreign Agricultural Service.
That’s why U.S. Wheat Associates and the National Association of Wheat Growers applaud the Senate introduction of the Cultivating Revitalization by Expanding American Agricultural Trade and Exports Act of 2022.
The legislation would double the funding for the Market Access and Foreign Market Development Programs.
