and Farm Bankruptcy Rate Low
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**During its March board meeting, the Georgia Peanut Commission Board of Directors approved $706,139 in research project funding for the 2023-24 research budget year.
www.gfb.org reports, the approved projects include 35 proposals submitted from the University of Georgia, Abraham Baldwin Agricultural College and the USDA Agricultural Research Service.
Georgia’s peanut growers invest $2 per ton annually toward GPC programs, which include research, promotion and education efforts.
www.gfb.org/media-and-publications/news.cms/2023/1480/georgia-peanut-commission-approves-2023-2024-research-funding
**Eight Michigan Representatives have joined the campaign to reverse Ford’s decision to remove AM radio from most new models in 2024.
In a letter to Ford’s board of directors, they said removing AM capability could jeopardize the safety and livelihood of Americans.
Michigan Rep David Prestin says Ford’s decision to remove the backbone of the Emergency Alert System is reckless and represents “a lack of vision or thought towards national security.”
**New data from USDA’s Economic Research Service confirms a decline in the farm Chapter 12 bankruptcy rate, reaching the lowest level in nearly two decades, with 0.78 bankruptcies per 10,000 farms.
The total number of bankruptcies is an indicator of financial stress in the farm sector.
In 2003, the bankruptcy rate reached a high of 3.3 per 10,000 farms and declined to 0.5 in 2004.
