Dairy Consumption Not All Bad and Distressed Ag Borrowers Assistance
From the Ag Information Network, this is your Agribusiness Update.
**One of the more well-known consumer trends is a decline in per capita milk consumption, but the news isn’t all bad for dairy.
Americans drank 250 pounds per person in 1975, but consumption has dropped steadily, reaching only 130 pounds in 2022.
But compared to 2000, per capita yogurt consumption has more than doubled, while cheese also posted big gains, with American cheese up 28% and mozzarella 40%.
**The USDA launched the Distressed Borrowers Assistance Network, an initiative designed to provide support to financially distressed farmers and ranchers.
Through a series of Cooperative Agreements, this national network will connect distressed borrowers with assistance to help them stabilize and regain financial footing.
FSA Administrator, Zach Ducheneaux says having someone with experience in ag finance who helps producers work through financial difficulties can be the difference between losing the farm or prospering.
**Purdue University and Bayer announced the creation of the
Coalition for Sustainable and Regenerative Agriculture, a public-private partnership designed to help improve the soil health of farmland while increasing food production for a growing population.
The coalition’s mission is to generate robust, real-world data in support of regenerative agriculture to help farmers restore soil health and biomass, increase biodiversity, and improve the resiliency of ecosystems over time.
