Industry News | 10-11-2021

Growers Edge Launches Digital Ag Lending Platform

Growers Edge, a provider of data-driven financial technology (fintech) solutions for the agricultural industry, has announced the launch of a fully digital financial software and services platform for the agriculture industry. The customizable platform is built for ag retailers and input manufacturers of any size to process and manage loans quickly and efficiently, say Growers Edge officials.
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BASF And The SCN Coalition Create SCN Action Month

Soybean Cyst Nematode (SCN) is the leading cause of soybean yield loss in North America, and two industry allies are taking action to prevent loss due to SCN. BASF Agricultural Solutions and The SCN Coalition have designated October as SCN Action Month to provide growers with the information needed to make sound, successful agronomic decisions to defend against this devastating pest.
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August Beef Exports Top $1 Billion; Pork Exports on Record Pace

U.S. beef exports topped $1 billion in value for the first time in a single month during August. At the same time, U.S. pork exports posted another strong month in August, remaining ahead of the record pace established last year. According to data released by USDA and compiled by the U.S. Meat Export Federation, August beef export value climbed 55% to $1.04 billion, due largely to record shipments to China and the largest exports of the year to Japan. Beef export volume was up 21% from a year ago and the second largest of 2021.
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USDA Announces $146 Million in Sustainable Agricultural Research

U.S. Department of Agriculture Secretary Tom Vilsack announced an investment of more than $146 million in sustainable agricultural research projects aimed at improving a robust, resilient, climate-smart food and agricultural system. This investment is made under the National Institute of Food and Agriculture’s Sustainable Agricultural Systems program.
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New USDA Insurance for Farmers Who Sell Locally

Small farms that sell in local markets will have a new crop insurance option. The U.S. Department of Agriculture (USDA) approved a new Micro Farm policy that simplifies record keeping and covers post-production costs like washing and value-added products. USDA’s Risk Management Agency (RMA) created this new policy based on research directed by the 2018 Farm Bill, and it includes feedback from farmers who grow for their local communities. The policy will be available beginning with the 2022 crop year.
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