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California biofuel plant and USDA specialty crop investment
I’m Bob Larson, bringing you the latest in agribusiness from the Ag Information Network.
**Increased use of biofuels could create a bullish tone for agricultural commodities in the future.
ETF Trends also notes that plans for a biofuels plant in California could lead more investors to focus on agricultural products.
California’s use of biofuel plants could lead to other states following suit.
If that happens, demand for agricultural products such as soybeans and corn will increase.
**Agriculture Secretary Tom Vilsack announced USDA investments aimed at supporting the U.S. specialty crop industry.
The launch of the Specialty Crops Export Support Initiative will provide $65 million to projects that will help the specialty crops sector increase global exports and expand access to new markets.
USDA also announced $72.9 million in grants available to support the specialty crop industry through the Specialty Crop Grant Program.
**The Department of Agriculture says most farm loan borrowers will be able to make loan payments online through the Pay My Loan feature at farmers.gov in early February.
Pay My Loan is part of a broader effort by the Farm Service Agency to streamline the process, especially for producers who have limited time to visit their local FSA office during planting and harvest seasons.
On average, local USDA centers process more than 225,000
Annual agricultural loan payments.
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