Georgia Peanut Commission Nominations and American Ag Exports Down

Georgia Peanut Commission Nominations and American Ag Exports Down

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

**Nomination meetings to fill two positions on the Georgia Peanut Commission Board of Directors will be held on December 13. reports, the Georgia Farm Bureau

Federation will conduct the meetings to fill terms, which expire on the 31st in the GPC Commission’s Districts One and Three.

The GPC District One meeting will be held at the Miller County Farm Bureau Office and the District Three meeting will be held at the Emanuel County Farm Bureau.

**America’s agricultural exports in fiscal year 2024 are projected to be down $2.5 billion from the August forecast.

The drop is primarily from reductions in grain and feed as well as livestock, poultry, and dairy exports.

Wheat exports are forecast down $800 million on lower unit values and ongoing competition from Russia and the EU.

Livestock, poultry, and dairy exports are forecast to drop by $1.3 billion due to declines across most products.

**The USDA is providing approximately $208 million in financial assistance for qualifying farm and emergency loan borrowers.

To help prevent foreclosures, USDA will cover approximately $80 million in delinquencies for an estimated 210 borrowers whose loans were flagged for liquidation as of November 30.

USDA will also provide roughly $128 million for an estimated 1,120 borrowers with outstanding direct Emergency Loans.

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