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Posts Tagged ‘south dakota’

South Dakota SURE Program in Effect

Monday, February 8th, 2010

As of January 5, 2010 South Dakota producers are eligible for the Supplemental Revenue Assistance Payments (SURE) program.

Senator John Thune made the announcement following the approval of the program through the 2008 Farm Bill. Payments will be made until September 30, 2011.

“The Farm Safety net is designed to give farmers and ranchers a measure of peace of mind when natural disaster strikes,” Thune explained. “Permanent disaster programs provide assurance that needed disaster funding will not be held up by political gamesmanship in Washington.”

The program will benefit producers because the money will be available immediately from the state.

Those eligible include producers with land in counties with a USDA Secretarial Disaster Designation and countiguous counties. Producers outside the counties with crop production that is less than 50 percent normal is also eligible.

Contact your local Farm Service Agency for more information.

Inflation fears? Refinance with Farm Plus before farm loan rates rise. Farm loan rates starting at 2.99% with 25 year terms. See our rate sheet here or call, toll free, 866-929-5585.

New Crop for Farmers

Friday, August 28th, 2009

A new opportunity has arose for corn farmers. Cobs, the part left behind after harvest, are always planted back into the ground to add nutrients to the soil and make for a better harvest.

However, companies from South Dakota and California are building two plants in Iowa. One plant will turn the material into ethanol and the other will turn cobs into fertilizer.

The plants are expected to cost over $200 million. Farmers can sell the cobs to these plants to make extra profit off their harvest.

In the current economic system this news is exciting to many farmers.

“We’re excited about it,” corn farmer Jim Boyer told the Associated Press. “there’s an opportunity for another profit to stream off our farm.”

The projects could generate over $10 million a year for local farmers. The plants should be completed by 2011 and will process 130,000 tons of cobs per year. Farmers can expect $50 per ton of cobs.

Interested in a low-rate farm loan? Contact Farm Plus today by calling 866-929-5585 or visit online for more information about our low-rate farm loans.

Honey Production Increased in 2008

Friday, March 20th, 2009

Despite a mysterious disease killing millions of honeybees, California ranks third in the United States for honey production.

According to a new report released by the U.S. Department of Agriculture, honey production rose in California by more than one-third in 2008. 360,000 hives were based in California that produced 18.3 million pounds of honey in comparison to 13.6 million pounds produced in 2007.

This resulted in $26 million revenue for beekeepers in California. Every year thousands of beekeepers take their bees to California to pollinate blossoming nut and fruit trees.

North Dakota and South Dakota only top California in honey production.

If you are interested in honey productio,n agriculture loans are available. Contact Farm Plus today for more information regarding low-rate agriculture loans. Call 866-929-5585 or visit online.

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