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Despite falling netfarmincomes , rising interest expenses , and generally low producer sentiment , farm loan delinquencies improved in 2023. The Kansas City Federal Reserve has reported quarterly activity for farmrealestate loans since 1991. of non-realestate loans were delinquent.
Crop insurance accounts for 45% of projected spending on major farm-related programs over the next decade. Netfarmincome reached a record level in 2022, as sharply higher crop and livestock receipts more than offset reduced government payments and increased production expenses. in 2023 and under 2% in 2024.
Excessive proposed cost-share payments for livestock feed management. Creates a 10% set-aside of EQIP funds for payments for practices implemented on small farms. Retargeting two-thirds of the 50 percent EQIP set-aside for livestock practices towards advanced grazing management. No language to prevent payment limitation abuse.
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