• USDA Invests $2.14B to Bolster Specialty Crops & Expand Crop Storage for Farmers

  • Nov 21 2024
  • Length: 3 mins
  • Podcast

USDA Invests $2.14B to Bolster Specialty Crops & Expand Crop Storage for Farmers

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  • Summary

  • Welcome to this week's update on the latest news and developments from the Department of Agriculture. This week, the USDA made a significant announcement, committing more than $2 billion to strengthen the specialty crops sector and expand crop storage for producers following the 2024 natural disasters[2].

    Agriculture Secretary Tom Vilsack unveiled the creation of new programs designed to help farmers who grow fruits, vegetables, and nuts overcome market barriers and access necessary pre-market storage for their crops. The Marketing Assistance for Specialty Crops initiative will provide $2 billion to assist specialty crop growers in maintaining a strong domestic supply and expanding market opportunities for their crops. Additionally, the Commodity Storage Assistance Program will offer $140 million to help producers gain access to commercial storage facilities, such as packinghouses and grain elevators, necessary for the marketing of agricultural commodities.

    Secretary Vilsack emphasized the critical role specialty crop producers play in U.S. agriculture, stating, "From providing high-quality, nutritious, American-grown fruits, vegetables, and nuts to our nation and the world, to serving as economic pillars of their communities, specialty crop producers play a critical role in the success of U.S. agriculture."

    These programs are particularly timely for southeastern farmers who faced devastating hurricanes this season. The USDA anticipates high signup rates in the Southeast due to the severe weather events.

    In other news, the USDA has been making significant investments in clean energy through the Rural Energy for America Program (REAP). The Biden-Harris Administration has invested more than $1 billion in clean energy projects for nearly 7,000 American farms and rural small businesses[3]. These investments aim to lower costs, expand access to clean energy, and strengthen American farms and small businesses.

    Furthermore, the USDA has announced new investments in Tribal higher education, committing $5 million in grants to support Tribal students at land-grant colleges and universities through the New Beginning for Tribal Students Program[5]. This initiative reflects the USDA's commitment to advancing equity and removing barriers to service for Tribal Nations.

    Looking ahead, applications for the Marketing Assistance for Specialty Crops and Commodity Storage Assistance programs are expected to open in December 2024. For more information on these programs and other USDA initiatives, visit usda.gov.

    In conclusion, the USDA's latest announcements underscore the department's commitment to supporting American farmers, advancing clean energy, and promoting equity in rural America. Stay tuned for further updates and consider visiting usda.gov to learn more about these initiatives and how they might impact you. Thank you for joining us this week.
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