USDA Announces May 2021 Lending Rates for Agricultural Producers

first_img SHARE The U.S. Department of Agriculture (USDA) announced loan interest rates for May 2021, which are effective May 3. USDA’s Farm Service Agency (FSA) loans provide important access to capital to help agricultural producers start or expand their farming operation, purchase equipment and storage structures, or meet cash flow needs.Operating and Ownership LoansFSA offers farm ownership and operating loans with favorable interest rates and terms to help eligible agricultural producers, whether multi-generational, long-time or new to the industry, obtain financing needed to start, expand or maintain a family agricultural operation. For many loan options, FSA sets aside funding for historically disadvantaged producers, including beginning, women, American Indian or Alaskan Native, Asian, Black or African American, Native Hawaiian or Pacific Islander, and Hispanic farmers and ranchers.Interest rates for Operating and Ownership loans for May 2021 are as follows:Farm Operating Loans (Direct): 1.750%Farm Ownership Loans (Direct): 3.250%Farm Ownership Loans (Direct, Joint Financing): 2.500%Farm Ownership Loans (Down Payment): 1.500%Emergency Loan (Amount of Actual Loss): 2.750%FSA also offers guaranteed loans through commercial lenders at rates set by those lenders.You can find out which of these loans may be right for you by using our Farm Loan Discovery Tool.Commodity and Storage Facility LoansAdditionally, FSA provides low-interest financing to producers to build or upgrade on-farm storage facilities and purchase handling equipment and loans that provide interim financing to help producers meet cash flow needs without having to sell their commodities when market prices are low. Funds for these loans are provided through the Commodity Credit Corporation (CCC) and are administered by FSA.Commodity Loans (less than one year disbursed): 1.125%Farm Storage Facility Loans:Three-year loan terms: 0.375%Five-year loan terms: 0. 875%Seven-year loan terms: 1.375%Ten-year loan terms: 1.625%Twelve-year loan terms: 1.750% By USDA Communications – May 3, 2021 USDA Announces May 2021 Lending Rates for Agricultural Producers Previous articleMental Health in Good Times: Preventing Good Stress from Becoming Bad StressNext articleHAT Market Analysis for 5/3/21 with John Zanker of Risk Management Commodities USDA Communications SHAREcenter_img Facebook Twitter Sugar Storage Facility Loans (15 years): 2.000%Disaster SupportFSA also reminds rural communities, farmers and ranchers, families and small businesses affected by the year’s winter storms, drought, and other natural disasters that USDA has programs that provide assistance. USDA staff in the regional, state and county offices are prepared with a variety of program flexibilities and other assistance to residents, agricultural producers and impacted communities. Many programs are available without an official disaster designation, including several risk management and disaster assistance options.Pandemic SupportThrough September 1, 2021, FSA’s Disaster Set-Aside provision is available to direct loan borrowers who have been impacted by the pandemic. This enables an upcoming annual installment to be set aside for the year and added to the final installment. For annual operating loans, the loan maturity date may be extended up to twelve months in order to set aside the installment. This provision is normally used in the wake of natural disasters, and a second Disaster Set-Aside may be available for direct loan borrowers who already have a DSA in place on a loan due to another designated natural disaster.More InformationProducers can explore available options on all FSA loan options at or by contacting your local USDA Service Center. Facebook Twitter Home Indiana Agriculture News USDA Announces May 2021 Lending Rates for Agricultural Producerslast_img read more

Who Are The GOP Candidates That Could Follow Frank LoBiondo?

first_imgBy Donald WittkowskiNew Jersey’s Second Congressional District encompasses a vast swath of territory in the southern part of the state – eight counties and 92 towns.Since 1995, Rep. Frank A. LoBiondo has represented the diverse district that includes the Jersey Shore towns, the Delaware Bay and some of the state’s broad farmlands. But the popular Republican’s impending retirement has opened the door for a wide field of GOP candidates vying for the party’s nomination in the June primary.Without the incumbent LoBiondo in the race, the district is seen as one of the country’s key battleground races in the congressional mid-term elections.The next major event in the campaign is the Cape May County Republican Convention on Monday at the Avalon Community Center. The candidates will be seeking the formal endorsement of Cape May County Republicans.MediaWize, parent company of the news sites, and, sat down with seven of the eight Republican candidates for video interviews leading up to the Cape May County Republican Convention. Their videos and bios are included in this story. Candidate Mark McGovern was not available for an interview, but his bio and campaign platform are included.Candidates appear in alphabetical order:Sam Fiocchi, 65, a longtime Vineland resident, is a former Cumberland County freeholder and former state assemblyman.Fiocchi believes his experience in elected office gives him an edge in the race and would serve him well in Congress. He is also stressing his experience in the business world as he looks to bring jobs and economic development to the region.“The challenge here always starts, number one, with jobs,” he said.Fiocchi also wants to lower property taxes to make the state more attractive to residents and corporations. Too many businesses and residents have been chased out of New Jersey by high taxes, he believes.“We have to make it affordable here,” he said.Fiocchi’s business experience includes his former involvement with his family’s Vineland-based agricultural supply company, Lee Rain Inc. He is retired from the company, but continues in the business world as a real estate investor and agent.Fiocchi was a Cumberland County freeholder from 2011 through 2013. He chose not to seek re-election as freeholder in order to campaign for the state Assembly in 2013, a race that he won. After serving in the Assembly from 2014 to 2016, he lost his re-election bid in the First Legislative District.“I have held election posts that the other candidates don’t have,” Fiocchi said of the crowded Republican congressional field. “I think it makes me uniquely qualified and gives me more experience than any other candidate.”At 28, Brian Fitzherbert is the youngest Republican candidate in the Second Congressional District race. This is his first run for elected office.Fitzherbert, of Somers Point, regards his youth and his lack of political experience as among his strengths.“I’m not a professional politician. I’m a businessman,” he said.He added, “So many times, we have politicians of yesterday that have done nothing.”Fitzherbert works as a senior project manager for Textron Systems, a $14 billion defense and aerospace contractor. At Textron, he manages a $30 million production program for drones.Noting the importance of drones as an emerging technology, he believes they offer vast potential as a source of jobs and industry in South Jersey.“The biggest challenge is, we need jobs. We need economic development in South Jersey,” Fitzherbert said.He hopes to piggyback on drone development programs already underway at the Cape May County Airport and the William J. Hughes Federal Aviation Administration Technical Center in Egg Harbor Township to bring manufacturing, testing and high-tech companies to South Jersey.Seth Grossman calls himself the candidate with the most name recognition among the congested Republican field for the Second Congressional District nomination. He also says he is the “most consistently conservative” of all the candidates.Grossman, a 68-year-old attorney who lives in Atlantic City, is a former Atlantic City councilman and a former Atlantic County freeholder. He has practiced law since 1975 and has an office in Somers Point. He is also well known as a newspaper columnist and guest host on local talk radio.“I believe I’m the only candidate who has the name recognition and funding to beat Van Drew,” Grossman said, referring to state Sen. Jeff Van Drew, D-Cape, Cumberland, Atlantic, who is seen as the frontrunner for the Democratic nomination in the Second Congressional District.Grossman also serves as executive director of Liberty and Prosperity, a nonprofit constitutional advocacy group that promotes conservative causes. He said he used Liberty and Prosperity’s website to help the Tea Party and other conservative groups organize their political campaigns.During his interview with MediaWize, Grossman blamed illegal immigrants for putting a strain on New Jersey and the nation’s welfare system, schools and police departments. He also criticized the Obamacare health system for forcing Americans to pay for “a whole lot of stuff we don’t want.”“America’s problems are South Jersey’s problems,” he said.Grossman has been an ardent supporter of President Donald Trump. He said the country needs to get beyond the distractions of “fake impeachment charges” and allow the president to do his job.Grossman also said he has used social media to act as an “alternative media warrior” in defense of Trump.Mark McGovernMark McGovern, 58, of New Gretna, has more than 35 years of experience in technology and operations in the financial services industry. He is a senior vice president at Citigroup.McGovern wasn’t available for a video interview with MediaWize, but he briefly outlined his campaign in an email. In the email and on his website, McGovern, a motorcycle enthusiast, calls himself the “Biker for Trump.”“My platform is simple: I am the only Biker for Trump running nationwide. I’m pro 2nd amendment. (I) used to own a gun shop.”He also said intends to push for voter ID laws and is opposed to having New Jersey serve as a sanctuary state for illegal immigrants.McGovern is trying to distinguish himself in the Republican primary by stressing his local roots and portraying himself as a political outsider. He says, like Trump, “he’s changing the rules.”“Mark McGovern is NOT a politician,” his website says. “He’s a local. He lives and breathes South Jersey. He can go toe to toe with career politicians.”Hirsh Singh, who finished third in last year’s Republican gubernatorial primary, touts himself as a “problem-solver” as he pursues the GOP nomination in the Second Congressional District.Highlighting his conservative credentials, the 32-year-old engineer, who lives in Linwood, maintains he is the only Republican candidate who has the financial resources to defeat the “Democratic machine.”“This is one of the top five races in the entire country,” he said.Singh wants to capitalize on his experience as a government defense, security and technology contractor to bring high-quality jobs to South Jersey and lower the region’s unemployment rate.“I’m an engineer, and as an engineer, I’m a trained problem-solver,” he said.Singh is the senior director of operations of Hi-Tech Systems, an Egg Harbor Township company headed by his father, Trib Singh. Hi-Tech Systems does business with the Department of Defense, Federal Aviation Administration, NASA and other federal agencies.Stressing his roots in Atlantic County, Singh characterizes himself as “a South Jersey guy” who is eager to go to Congress to fight for funding and better deals for the region. He is pushing for bigger state and local tax deductions to make New Jersey more affordable.“We have ridiculously high taxes across our state,” he said.James Toto, 48, a Somers Point councilman, has had a diverse work career that he believes gives him unique insights into the major industries in the Second Congressional District, including tourism, fishing, farming, aviation and casino gaming.“I can speak intelligently about any industry that is going on here,” Toto said, noting that he has worked in those fields at one time or another.Toto is a veteran who formerly served in the U.S. Army in special psychological operations. He is also a former federal air marshal, one of the armed agents that protect commercial airlines from terrorism. He said his military and law enforcement background makes him the most qualified candidate in the area of counterterrorism.His background also includes experience in farming, trucking, airport management and as a helicopter pilot, among other careers. Currently, he works as a supervisor in the Ocean City Department of Public Works.Toto believes he has the ability, more than any other congressional candidate, to connect with everyday men and women.“I’m the perfect voice. I am of the people,” he said.Toto scored an early victory in the campaign by winning the endorsement Saturday of the Salem County Republicans.Although he is seeking congressional office, Toto emphasized he does not plan to make it a long-term career if he wins. He said members of Congress should serve no more than three terms, arguing that they become too heavily influenced by special interest groups over the long run.“When you start taking money from special interest groups, that’s where you’re going to go,” he said.Robert Turkavage portrays himself as a moderate Republican who already has valuable experience dealing with federal and local issues stemming from his 40 years in public service.“I have a firm grasp of federal issues and of local issues and solutions to both,” said Turkavage, 63, a Brigantine resident.Turkavage is a retired FBI agent who specialized in rooting out public and government corruption while working in the bureau’s New York office during his 32-year career.His bid for the Republican nomination in the Second Congressional District is not his first run for federal office. As an independent candidate, he challenged U.S. Sen. Bob Menendez, D-N.J., in 2012, but captured less than 1 percent of the vote. He then sought to run as a Republican against U.S. Sen. Cory Booker, D-N.J., in 2014, but missed the filing deadline, according to news reports.After announcing his candidacy for Congress, Turkavage conducted a “listening tour” throughout South Jersey to meet with voters about key issues affecting the region, including education, transportation, infrastructure and offshore drilling.Like LoBiondo, Turkavage opposes a plan by President Trump’s administration to open up coastal waters to offshore gas and oil drilling. Critics of offshore drilling fear that an oil spill would severely harm the tourism and fishing industries at the Jersey Shore.Turkavage said his listening tour allowed him to forge relationships with voters and to show that he has the temperament to be an effective congressman.“That is the most essential ingredient a candidate can possess,” he said.Up to this point, John Zarych has been more of a behind-the-scenes person in the political world. Now, he is stepping into the spotlight in his first run for elected office.The 70-year-old Zarych, who lives in Galloway Township, has been a lawyer for 40 years. He is a criminal defense attorney with offices in Northfield and Wildwood.Despite his lack of experience running for office, he believes he could step right in as a congressman if he wins.“I could start the job today,” he said.He cited his involvement as a campaign chairman or aide while helping presidential, gubernatorial and local candidates run for office.Zarych served as the Atlantic County coordinator for former Gov. Chris Christie, was Bret Schundler’s South Jersey chairman during Schundler’s unsuccessful bid for the Republican gubernatorial nomination and was part of U.S. Sen. John McCain’s presidential campaign in 2008.Zarych said his law career has also prepared him for political office. As a criminal defense attorney, he deals “with crises all the time,” he pointed out.As a candidate, Zarych is focusing on creating jobs, supporting local industries, such as farming and aviation, and combating the opioid epidemic.He said he decided to seek the GOP nomination in the Second Congressional District after he was asked to run by a county GOP chairman. Zarych said he was also encouraged by a “long, productive talk” he had with the Republican national campaign. Eight candidates are seeking the Republican nomination in the Second Congressional District race.last_img read more

Trademark bid leads to ’gingerbread war’

first_imgCumbrian bakery The Gingerbread Shop says it will have to wait until August to find out if its application to trademark the term ’Grasmere gingerbread’ has been successful, after objections from a local cafe owner.Steve Bell, who makes gingerbread at his Grasmere restaurant Williams, has lodged several objections with the Intellectual Property Office about the application in a dispute dubbed the ’gingerbread war’ by the media.He claims gingerbread was made in the village long before The Gingerbread Shop began making it 154 years ago.Gingerbread Shop manager Andrew Hunter said the application was first made in February 2006 and was due to be approved in August 2007, before last minute objections delayed the decision until August. The company decided to apply for a trademark “to preserve the integrity of the product”, he added.last_img read more

The Latest: France’s national institute of sport offers help

first_imgThe Paris-based INSEP will lodge nursing staff coming far from their homes to assist medical teams in the city.INSEP and other sporting establishments in France will also receive sick people who are no longer in serious condition but need their health monitored in an effort to free up hospital beds.INSEP will receive about 100 people from homeless shelters.Also, 69 rooms at INSEP are at the disposal of France Horizon, which helps families, homeless people, migrants, refugees and people who are isolated.French sports minister Roxana Maracineanu says “the only way through this crisis is to stay united.” ___The R&A is postponing three amateur golf championships scheduled for June, including the Curtis Cup.The Curtis Cup was to be played June 12-14 at Conwy Golf Club in Wales. The R&A and USGA say the matches for female amateurs from the U.S. against a team from Britain and Ireland will move to 2021. The dates were not decided.The R&A says the British Amateur and the British Women’s Amateur will move from June to August, but that depends on the status of the COVID-19 pandemic in the U.K.The British Amateur had been scheduled for June 15-20 at Royal Birkdale. The British Women’s Amateur was to be played June 23-27 at Kilmarnock on the west coast of Scotland. That includes the Tokyo Olympics, the NCAA men’s and women’s college basketball tournaments and the European soccer championship.The last time Wimbledon was called off was 1945.___Major League Baseball has canceled a two-game series in London between the Chicago Cubs and the St. Louis Cardinals because of the coronavirus pandemic.The teams had been scheduled to play at Olympic Stadium on June 13 and 14. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___France’s national institute of sport is helping with the needs of caregivers and homeless people during the coronavirus pandemic. ___Wimbledon has been canceled for the first time since World War II because of the coronavirus pandemic.The All England Club announced after an emergency meeting that the oldest Grand Slam tournament in tennis would not be held in 2020.Wimbledon was scheduled to be played on the outskirts of London from June 29 to July 12.It now joins the growing list of sports events scrapped in 2020 because of the COVID-19 outbreak. The Olympic flame will be on display until the end of April in Japan’s northeastern prefecture of Fukushima.Tokyo Olympic and prefecture officials held an official “handover ceremony”on Wednesday at the J-Village National Training Center in Fukushima.The public will have limited access to view the flame, and organizers hope to limit the crowd size because of restrictions in place for the coronavirus.The flame arrived in Japan from Greece on March 20 and the torch relay was to have started last week from Fukushima. The flame has remained in the prefecture with Wednesday’s event merely ceremonial.The Fukushima prefecture is the region of Japan that was devastated in 2011 by an earthquake, tsunami, and the subsequent meltdown of three nuclear reactors. The Curtis Cup captains, Sarah Ingram of the U.S. and Elaine Ratcliffe for GB&I, will remain for the 2021 matches. The teams had not been decided. Players were to have been selected later this month.___Soccer fans from two clubs in Belarus say they will stop going to games because of the coronavirus.A leading fan group at Neman Grodno says its members will stop attending games and they have urged supporters for other teams to do the same.The fans have called on the national soccer federation to “draw on some courage and stop the Belarusian championship, as the rest of the world has done.” ___Premier League club Bournemouth says manager Eddie Howe has taken a voluntary pay cut during the coronavirus outbreak.It is the first top-flight team to announce such a measure by its coach.Bournemouth said Howe’s pay cut was “significant,” without disclosing exact figures. Key members of his backroom staff as well as club chief executive Neill Blake will also have their salaries reduced.Bournemouth says it has also advised a number of staff across all areas of the club that they will be furloughed “to safeguard the financial stability of the club during what is such an uncertain period.” Associated Press The Premier League, English Football League and Football Association say in a joint statement there will be play “only when it is safe to do so.”They say clubs and supporters have a role to play in the meantime “in supporting the government’s guidance and ensuring community strength and solidarity.”The most recent update from soccer authorities said there will be no play until April 30 at the earliest.___A hockey team and a soccer club in Russia face being removed from their leagues after government financial support was diverted to fight the coronavirus.center_img Third-division club Uerdingen hopes to virtually sell out its 34,500-capacity Grotenburg Stadium in Krefeld with the offer of souvenir tickets for fans.Tickets start at 5 euros ($5.46) and go all the way to 19.05 euros ($20.80) for VIP tickets. The club says “panic buying for friends and family is definitely allowed.”It’s the only time that Uerdingen will sell tickets for the Grotenburg Stadium this season. Its home arena is being rebuilt so the club has been playing home matches at the ground of nearby Fortuna Düsseldorf.Uerdingen was one of the powerhouses of German soccer in the 1980s with a best finish of third place in the Bundesliga and a run to the semifinals of the Cup Winners’ Cup in 1986. More recently it has dropped as low as the sixth division.The club hasn’t played a game since March 8 because of the virus outbreak. The Latest: France’s national institute of sport offers help April 1, 2020 The sports ministry in the far eastern region of Primorsky Krai says it sees no point in funding player contracts for another season if it’s not clear when competitions will resume. It wants the Admiral Vladivostok hockey club to drop out of the Kontinental Hockey League and the Luch Vladivostok soccer team to drop down two divisions into the amateur leagues.The ministry says regional funding earmarked for professional sports will instead go into an anti-coronavirus fund.Many Russian sports team rely heavily on regional governments and state-owned companies for much of their funding. Primorsky Krai is the first region to impose such drastic cuts.All major sporting events in Russia are currently suspended.___ Baseball Commissioner Rob Manfred made the announcement in a memorandum send to MLB employees. MLB said on March 19 that it had scrapped series in Mexico City and San Juan, Puerto Rico.MLB played in Europe for the first time last June when the New York Yankees swept a pair of games from the Boston Red Sox in London.___UEFA has postponed the Euro 2020 playoffs for the second time because of the coronavirus pandemic.The games were originally scheduled for March 26-31 and have now lost their June 4-9 dates. The playoffs will decide the last four places in the 24-nation lineup for the postponed European Championship.The decision was made in a conference call with officials from the 55 UEFA member federations.UEFA says “all other UEFA competition matches, including the centralized international friendly matches, remain postponed until further notice.”___A German soccer club is raising funds amid the coronavirus pandemic by selling tickets for a fictional game. Fans of Shakhter Soligorsk have also said they will stop going to games “until the epidemiological situation allows us to return to the stands.” But they stopped short of calling for the season to be suspended.Belarus is the only nation in Europe still hosting professional soccer games with fans in the stadium.International players’ union FIFPro says players in Belarus have reached out with concerns about playing during the coronavirus pandemic.___English soccer authorities say there are “no quick answers” to the question of when play can resume following the coronavirus outbreak. Olympic officials have postponed the Tokyo Games until next year with the opening now set for July 23, 2021.___More AP sports: and,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more