Funds for cotton merchants and food price index increases


[ad_1]

Funds for cotton merchants and food price index increases

From the Farm Information Network, I’m Bob Larson with your agri-food update.

** Citing what he called “unprecedented costs and losses affecting American cotton merchants, House Ag Committee Chairman David Scott of Georgia wrote to Agriculture Secretary Tom Vilsack asking him to ‘direct funding to cotton merchants who market the ginned cotton to textile manufacturers.

Scott noted, according to www.gfb.org, that cotton-related occupations provide 53,000 jobs in Georgia with an economic impact of more than $ 3 billion.

Georgia ranks third among US states for cotton production.

www.gfb.org/media-and-publications/news.cms/2021/1184/david-scott-asks-usda-for-aid-to-cotton-merchandisers

** USDA has extended the deadline for farmers who are certified organic, or transitioning to organic, to apply for pandemic assistance.

The organic and transitional education and certification program helps cover certification and education expenses.

The deadline to apply for the eligible expenses for 2020 and 2021 is now February 4, rather than the original deadline of January 7.

Registration for fiscal year 2022 will be announced at a later date.

** Driven by high meat prices, the food price index will rise 3.5% this year, its biggest increase since rising 5.5% in 2008.

The USDA tells www.agriculture.com, the index compares the average price increase for the current year with the average increase for the previous year.

Food prices generally increase by around 2.4% per year.

Prices for beef are up 9.5% this year, pork 8.5%, poultry 5% and fish 5%, all at least twice as big as usual.

www.agriculture.com/news/business/year-on-year-food-inflation-is-highest-since-2008

[ad_2]

Comments are closed.