Welcome to the USDA Now You Know podcast. I'm your host, Stephanie Ho.

This week, the big news from the Department of Agriculture is the announcement of March 2025 lending rates for agricultural producers. These rates, effective March 3rd, provide crucial access to capital for farmers looking to start or expand operations, purchase equipment, or meet cash flow needs.

In other developments, Secretary Brooke Rollins delivered remarks at Commodity Classic, unveiling plans to distribute $30 billion in economic and disaster aid passed by Congress late last year. The new Emergency Commodity Assistance Program, or E-CAP, will begin accepting applications by March 20th. Secretary Rollins emphasized a streamlined process, stating, "We don't want to be your bottleneck."

The USDA also finalized its third new regulation under the Biden-Harris administration aimed at creating fairness and transparency for contract farmers. This rule gives chicken farmers better insight into payment rates and institutes stability in the tournament system. Agriculture Secretary Tom Vilsack said, "These regulatory improvements give us the strongest tools we've ever had to meet our obligations under the Packers & Stockyards Act."

These changes will significantly impact American farmers and ranchers. The lending rates provide essential financial support, while the new regulations aim to level the playing field in the meat and poultry processing industry. For businesses, particularly large processing companies, these rules mean increased transparency and accountability in their dealings with contract farmers.

Looking ahead, agricultural producers should mark their calendars for several important deadlines. The enrollment period for the Dairy Margin Coverage program runs from January 29th to March 31st, 2025. Meanwhile, producers can apply for the Agriculture Risk Coverage and Price Loss Coverage programs from January 21st to April 15th, 2025.

In international news, Secretary Rollins praised President Trump's action to adjust tariffs with Mexico and Canada, including a reduction on potash tariffs from 25% to 10%. This move is expected to help farmers manage input costs during planting season while reinforcing agricultural trade relations.

As we wrap up, it's clear that the USDA is actively working to support American agriculture through various initiatives and policy changes. For more information on any of these topics, visit the USDA website at www.usda.gov. If you're a farmer or rancher affected by these changes, we encourage you to reach out to your local USDA Service Center for personalized guidance.

That's all for this week's USDA Now You Know podcast. I'm Stephanie Ho, thanks for listening.

This content was created in partnership and with the help of Artificial Intelligence AI