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Cattle, hog, poultry and milk prices all increased in 2022. Given assumptions of the outlook, lower farm income and high interest rates restrict further increases in farm realestate values in subsequent years. Higher fertilizer, fuel and feed costs contributed to a sharp increase in farm production expenses in 2022.
Specific to meat supply chains, it provides grants and resources for small- to medium-sized meat and poultry processors, focusing on expanding processing capacity through equipment upgrades and worker training (Sec. 12103, 7124). This includes short-term staff training and workforce development grants directed towards community colleges.
In 2018, we fought for FSA Direct Farm Ownership loan caps to be raised to $600,000 from the previous limit of $300,000, which was no longer meeting farmers’ needs in the realestate market. 12111) YELLOW FLAGS Limited support for small to medium meat and poultry processors but with accessibility concerns. 12113).
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