Harvest for Health Applications and Farm Loan Delinquency Improved
From the Ag Information Network, this is your Agribusiness
Update.
**The Foundation for Food & Agriculture Research is accepting Harvest for Health Breakthrough Crop Challenge applications.
Harvest for Health is accelerating the development of underutilized crops to create more food diversity in the marketplace.
The Breakthrough Crop Challenge invites applicants to submit predictive models that can screen underutilized crops to determine its usefulness as a source of functional ingredients or nutrients.
The winning applicant will receive a $1 million reward.
www.morningagclips.com/ffar-accepting-applications-for-harvest-for-health-breakthrough-crop-challenge/
**The June World Ag Supply and Demand Estimates (WASDE) Report says the June wheat outlook is for larger supplies, unchanged domestic use, increased exports, and lower stocks.
Supplies are raised as wheat production is forecast at 1.875 billion bushels, up 17 million from last month.
Ending stocks are lowered slightly from last month but still significantly higher than last year at 758 million bushels.
The season-average price is $6.50.
**Despite falling farm incomes, rising interest expenses, and generally low producer sentiment, Agricultural Economic Insights says farm loan delinquencies improved in 2023.
Across all commercial banks, the share of farm loans classified as delinquent fell to only 0.91% in the fourth quarter of last year.
The previous low points in farm real estate delinquency rates were from 2005 to 2007 and 2014 to 15 when delinquencies rates dipped to 1.5%.
