USDA's 2023 Accomplishments and Bayer Wins Roundup Case
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.**USDA says it was able to help tens of thousands of farmers continue operations and increase revenue in 2023.
Since the Inflation Reduction Act was signed into law, the Farm Service Agency provided nearly $1.7 billion and counting in assistance to more than 30,000 farmers.
An improved loan application process also helped the Risk
Management Agency provide the largest farm safety net ever, with a total of $207 billion in protection for American agriculture.
**Bayer was victorious in a California trial initiated by a man who claimed he’d developed cancer from long-term exposure to the company’s Roundup weed killer.
Reuters says that ended what had been a five-trial losing streak in trials over similar claims.
Bayer says the verdict, handed down by a California Superior Court, was “consistent with the evidence that Roundup does not cause cancer and is not responsible for the plaintiff’s illness.”
**The Mormon church has sparked some backlash from local farmers after snapping up about 370,000 acres of prime ranch land in Nebraska.
The LDS now owns at least $2 billion worth of agricultural terrain across the country, and an estimated $134 million worth of ag land in Nebraska.
Nebraska Farmers Union President John Hansen says the land grab was artificially driving up land prices and forcing out local farmers.