USDA Invests $196 Million to Strengthen Food Supply Chains

logo
logo
(USDA)

In an announcement made during the inaugural meeting of the White House Council on Supply Chain Resilience, President Joe Biden and Ag Secretary Tom Vilsack revealed USDA is investing nearly $196 million in 185 projects across 37 states and Puerto Rico. These investments aim to strengthen American food and agriculture supply chains, expand markets for agricultural producers, and reduce food costs. Some highlights of these investments include:

  • Lone Star Bakery in Texas will receive a $40 million Food Supply Chain Guaranteed Loan to modernize facilities and meet the needs of its customers.
  • Merchant’s Garden LLC in Arizona will utilize a $250,000 Value-Added Producer Grant to expand marketing and sales of prepackaged salad mixes, becoming a local supplier of organic leafy greens.
  • Lot 279, LLC in Nebraska will use a Value-Added Producer Grant to process, market, distribute, and advertise their direct-to-consumer beef cattle cuts and shares, increasing revenue and expanding their customer base.
  • The Center for EcoTechnology Inc. in Massachusetts will receive a $24,355 Rural Business Development Grant to support small farmers in decarbonizing their farmwork through outreach, technical assistance, training, and education.

USDA is utilizing various programs to create economic opportunities in rural areas, including Rural Business Development Grants, Value Added Producer Grants, Business and Industry Loan Guarantees, the Food Supply Chain Guaranteed Loan Program, and the Rural Economic Development Loan and Grant Program. These initiatives aim to boost rural businesses, promote economic development, and contribute to the resilience and diversity of the U.S. food supply chain.

Start a trial membership to get more market analysis, insights and news from Pro Farmer. Just $1 for 1-month, learn more.

Tags

 

Latest News

AgDay Markets Now:  Darren Frye Says Grain Markets Post Higher Week but Will Need These Factors to Keep Rallying
AgDay Markets Now: Darren Frye Says Grain Markets Post Higher Week but Will Need These Factors to Keep Rallying

Darren Frye, Water Street Solutions, says the wheat rally came on weather and technical buying, which also helped corn and soybeans post a higher week. He's not sure it can continue without a bigger weather issue.

Why Did Jerry Gulke Make Some Last-Minute Planting Changes on His Farm?
Why Did Jerry Gulke Make Some Last-Minute Planting Changes on His Farm?

Gulke Group president Jerry Gulke explains why he made the last-minute decision to switch 200 acres of corn to soybeans.

Wheat Outlook 5-30-90 Days (4.26.24))
Wheat Outlook 5-30-90 Days (4.26.24))

Recap of the week's price action, advice and outlook broken down into the next 5, 30 and 90 day segments.

Grains Close Higher for the Week:  Does the Market Need to Rally and Add More Risk Premium or Not?
Grains Close Higher for the Week: Does the Market Need to Rally and Add More Risk Premium or Not?

Grains end mixed Friday but higher for the week led by wheat.  Cattle make new highs for the move helped by stronger cash.  Can the markets continue to move higher?  Darren Frye, Water Street Solutions, has the answers.

APHIS To Require Electronic Animal ID for Certain Cattle and Bison
APHIS To Require Electronic Animal ID for Certain Cattle and Bison

APHIS issued its final rule on animal ID that has been in place since 2013, switching from solely visual tags to tags that are both electronically and visually readable for certain classes of cattle moving interstate.

A Margin Squeeze is Setting in Across Row-Crop Farms, and 80% of Ag Economists Are Now Concerned It'll Accelerate Consolidation
A Margin Squeeze is Setting in Across Row-Crop Farms, and 80% of Ag Economists Are Now Concerned It'll Accelerate Consolidation

There's an immense amount of pressure riding on this year’s crop production picture, and with a margin squeeze setting in across farms, economists think it could accelerate consolidation in the row-crop industry.