Democrats Unveil Livestock Proposal and FSA's Farm Loan Update
From the Ag Information Network, this is your Agribusiness Update.**The Food and Drug Administration reached a significant milestone when it approved its reorganization and created its new unified Human Foods Program, one of the most significant in FDA history.
The new model for field operations and other significant modernization began October 1st.
The FDA says it is focused on transforming the agency to be more efficient, nimble, and ready for the future with the ever-changing and complex industries it regulates.
**Congressional Democrats unveiled a bill that would pay livestock farmers on large operations to transition toward more climate-friendly practices.
Agriculture Dive says the bill would use Inflation Reduction
Act funding to provide farmers with grants to transition Concentrated Animal Feeding Operations into specialty crop or pasture-based livestock operations.
The proposal comes as House Republicans look to move IRA funds earmarked for climate-smart agriculture to pay for other priorities in the farm bill.
**USDA’s updates to the Farm Service Agency’s Farm Loan Programs are officially in effect.
These changes are designed to increase financial flexibility for ag producers, allowing them to grow their operations, boost profitability, and build long-term savings.
USDA says the new rules will mean a low-interest installment set-aside program and flexible repayment terms.
The new rules give farmers and ranchers better tools to manage their operations and get long-term financial stability.