Eligible dairy farmers have until Monday, October 30, 2023, to apply for assistance through the Milk Loss Program (MLP).
Administered by USDA’s Farm Service Agency (FSA), MLP compensates dairy producers who, because of qualifying weather events, dumped or removed milk without compensation from the commercial milk market in calendar years 2020, 2021 and 2022. Eligible causes of loss also include consequences of these weather events, such as power outages, impassable roads and infrastructure losses.
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Since October 2022, USDA has provided approximately $1.5 billion in immediate assistance to more than 24,000 financially distressed direct and guaranteed FSA loan borrowers through the Inflation Reduction Act.
FSA is currently accepting individual requests for assistance from borrowers who took certain extraordinary measures to avoid delinquency on their direct FSA loans, missed a recent installment, or are unable to make their next scheduled installment.
For more information on eligibility, or to submit a request for assistance, producers can contact their local USDA Service Center or visit farmers.gov/inflation-reduction-investments/assistance.
USDA is offering a unique training opportunity tailored to transitioning service members, veterans and military spouses. This free, two-day webinar provides a comprehensive overview of the opportunities, programs and services available to those interested in their journey in farming.
Participants will explore the essentials required to start a career in farming and learn how to connect with USDA programs and services. They'll also begin to build a supportive network that will aid in the success of an agricultural operation.
Preparedness and defense are critical to America’s food and agriculture sectors and to sustaining and growing rural America. That’s why USDA is looking to military veterans across the country to fill the roles that keep America’s food supply safe and secure, preserve and strengthen rural communities, and restore and conserve the environment.
USDA wants to ensure that veterans looking to return home or start a new career on a farm or in a rural community have the tools and opportunities they need to succeed.
The webinar will be recorded and shared on the USDA Veterans website.
October 31 and November 1
10 a.m. to 4:30 p.m. Eastern Time
Register Now!
For more information or to request any special accommodations, email Veterans@usda.gov.
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Scholarship Deadline is December 1, 2023
USDA has announced two tribal higher education opportunities to train the next generation of agricultural professionals and strengthen ties with tribal higher education institutions. The USDA 1994 Tribal Scholars Program offers a fast-track career path with USDA, and the Terra Preta do Indio Tribal Faculty Fellowship engages tribal college faculty with USDA resources and research. These programs reflect USDA’s commitment to advance equity and remove barriers to service for tribal nations and encourage tribal workforce development. Today’s announcement also marks the 29th anniversary of the day legislation was signed to give tribal colleges land-grant status.
Additional information can be found in the full USDA announcement.
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An upcoming virtual workshop series for Midwestern farm women will teach the basics of tax planning for agricultural operations. Hosted by women in agriculture extension programs at the University of Nebraska-Lincoln, Kansas State University, and Purdue University, the three-part series will be held from 7:30 to 9 pm Eastern time (6:30 to 8 p.m. Central time) on November 28, December 5 and December 12.
A comprehensive range of tax topics relevant to agricultural producers will be covered, including an introduction to income taxes, completing Schedule F forms, claiming deductions, tax strategies to shift income and lower tax bills and compliance requirements.
The first session will focus on tax fundamentals, with an overview of income tax brackets, qualifying as a farm for tax purposes, cash vs accrual accounting, and documentation.
Session two will dig into Schedule F specifics, including choosing an accountant, common farm deductions, and other ways to lower taxable income beyond Schedule F.
The final session will cover advanced tax minimization tactics, such as pre-paying expenses, accelerated depreciation, income averaging, and loan forgiveness. Reporting requirements like 1099s will also be reviewed.
Participants are encouraged to attend each session.
Whether you are new to filing farm taxes or looking to deploy advanced strategies, this virtual workshop will provide information to put more money back in your pocket.
Registration cost is $30. Please register at https://tinyurl.com/WIATax23 by November 27th.
Zoom videoconferencing access and a stable internet connection are required to participate.
For questions or concerns, contact Jenna Nees at smith535@purdue.edu or 765-653-8411.
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