By Jamie Martin
The agricultural sector faces mounting pressures, highlighted by a significant uptick in farm bankruptcies in 2024, rising by 55% from the previous year, yet still below the 2019 peak.
In response, the USDA, under Secretary Brooke Rollins, reaffirmed its commitment to the farming community by releasing crucial funds for conservation and environmental quality initiatives.
Secretary Rollins emphasized the USDA's commitment to upholding agreements made with farmers, highlighting the release of approximately $20 million for programs like the Environmental Quality Incentive Program and the Conservation Stewardship Program.
This move comes as part of efforts to stabilize the agricultural sector impacted by policy changes and inflation under the Biden administration.
American Farm Bureau Federation President Zippy Duvall expressed relief and appreciation for the USDA’s decision, noting the importance of these funds for farmers who have already invested in land improvements based on federal commitments.
The release of these funds is seen as an important step in supporting the agricultural community and ensuring continued investment in sustainable practices.
This announcement marks just the beginning, with more updates expected as the USDA reviews additional funding allocations under the Inflation Reduction Act.
As the sector navigates these challenging times, the support from the USDA is a beacon of hope for farmers, reinforcing the government's role in fostering a resilient agricultural framework.
Photo Credit: usda
Categories: National