USDA Funding for Florida and Net Cash Farm Income Down
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**The USDA is allocating more than $5 million to Florida as part of a nationwide effort to strengthen the country’s infrastructure for pest detection, surveillance, and mitigation, as well as protect the U.S. nursery system.
www.morningagclips.com reports through the authority of the Plant Protection Act, USDA is providing more than $70 million in funding this year.
These funds will support 374 projects nationwide.
Florida’s 47,300 farms and ranches span 9.7 million acres.
www.morningagclips.com/usda-provides-more-than-5-million-in-fla/
**USDA’s Economic Research Service forecasts U.S. net cash farm income will decrease by $42.2 billion, or 25.8%, to $121.7 billion in 2024.
This is after a 2023 decreased by a forecast of $50.2 billion.
Net cash farm income is defined as gross cash income minus cash expenses.
Net farm income is forecast to decrease by $43.1 billion to $116.1 billion from 2023 to 2024.
**McDonald’s says it has fulfilled its 2015 pledge to switch to 100% cage-free eggs by 2025.
The Humane Society of the U.S. reports McDonald’s claims to have met its goal two years ahead of schedule, stating they met the mark at the end of 2023.
McDonald’s plan to switch to using only cage-free eggs followed a decades-long global movement against the extreme confinement of farm animals that The Humane Society helped spearhead.
