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A New Retirement Account Option for Farm Households

In agriculture, retirement can mean something quite different compared with other U.S. households.

Often, our parents and senior relatives on the farm or ranch are far from “retired,” and, in fact, remain active participants in daily operations and decisions.

USDA Breaks into the Top 10 Best Places to Work

I would like to congratulate all who work at USDA for the incredible improvement in our ranking in the Best Places to Work in the Federal Government.  In 2016, for the first time, we have moved into the Top 10 Best Places to Work among large Federal agencies.  When I became Secretary of Agriculture in 2009, one of my first priorities was beginning a cultural transformation of our Department, redoubling our efforts on diversity and inclusion and retooling USDA to be a modern, 21st century employer and premier service provider that better reflects all of the communities we serve.  Participating in this transformation has been one of my most meaningful experiences as Secretary, and I am immensely proud that it has become part of the fabric of our Department.

Over the past eight years, USDA has worked to become a model employer by making it a priority to improve in areas such as communication, teamwork, diversity and inclusion, work-life balance, and employee training and development.  Today, as a result of these efforts, I am proud to announce that the Partnership for Public Service, a nonprofit organization, has recognized USDA for the strides we have made across our Department to improve the quality of our workplace.

USDA Unveils Landmark New Rules to Protect Farmers

Cross-posted from the White House blog:

Today, the United States Department of Agriculture (USDA) is taking some major steps forward to protect farmers – including swine, beef cattle, and especially poultry growers – from unfair treatment by the often much larger processors who purchase their fully grown hogs, cattle, and chickens. These three rules are another step forward in response to the President’s Competition Initiative announced in April, which has the goal of enhancing competition to help consumers, workers, and small businesses get a fair shake in the economy.

USDA Market News - As Diverse as the Agricultural Landscape

As the agricultural landscape evolves to meet consumer demand, USDA Market News works to ensure that emerging sectors have the unbiased, reliable data they need to succeed in the marketplace.

USDA Market News – administered by USDA’s Agricultural Marketing Service (AMS) – provides data that serves as the information lifeline for America’s agricultural economy.  Everyone in the ag supply chain is accustomed to visiting Market News for items like current wholesale and retail prices for beef cuts, but here at AMS we offer so much more.

Working with Livestock Industry to Provide Critical Market Intelligence

The Livestock Mandatory Price Reporting (LMR) Program was created to expand pricing information available to the livestock industry.  The data is collected and distributed by USDA’s Agricultural Marketing Service (AMS) through its USDA Market News division to provide market information for cattle, swine, lamb, and livestock products.

LMR encourages competition in the marketplace by vastly improving price and supply data, bringing transparency, breadth and depth to market reporting.  Through LMR, livestock producers and processors, retail food outlets, restaurants, exporters, and many other stakeholders receive critical market intelligence on a daily basis.  Literally thousands of business transactions every day rest on the outcome of LMR data.

Loan Applications Continue at USDA Farm Service Agency

What do siblings Kenna and Peyton Krahulik, organic farmers Lily Schneider and Matt McCue, and livestock producer Brian Morgan have in common? They worked closely with USDA’s Farm Service Agency (FSA) to obtain loans, giving them the working capital they needed to grow or maintain their operation.

FSA makes and guarantees loans to family farmers and ranchers to promote, build and sustain family farms in support of a thriving agricultural economy. It’s an important credit safety net that has sustained our nation’s hard working farm families through good and bad times.

USDA goes to Washington... State

We take our responsibility to America’s farmers and ranchers very seriously at the Risk Management Agency (RMA), and we value our time spent with them and other stakeholders getting feedback on our programs and policies that are so vital to America’s food supply.

I welcome these face-to-face opportunities, and last week was fortunate to spend a few days in Washington state that culminated in a public forum to discuss the enhancements we’ve been making to the Federal crop insurance system.

What Explains the Recent Rise in Rural Child Poverty?

During the 1950s and 1960s, the adage “a rising tide lifts all boats” broadly applied to the U.S. economy. As average income grew, the share of the population living in poverty fell rapidly. In the 1970s and 1980s, however, this relationship changed: average income continued to rise, but poverty increased. This means that incomes actually fell for many families in the lower portion of the income distribution. In other words, income inequality increased, and this translated into higher poverty despite a growing economy.

Recent work by USDA’s Economic Research Service (ERS) shows that this dynamic persists, and helps explain trends in poverty among children in rural areas. According to official estimates, the share of rural children living in poverty grew between 2003 and 2007 even as the national economy expanded. Between 2007 and 2010, this share continued to increase, as might be expected given the profound economic recession of 2007-09. But the rural child poverty rate continued to rise through 2012, peaking at 26.7 percent, its highest level since at least 1968 -- despite the resumption of economic growth at the national level. The rate finally began to decline between 2012 and 2014, but the 2014 level was well above that of 2003.

Farms that Sell Directly to Consumers May Stay in Business Longer

Opportunities to buy food directly from farmers, in urban and rural areas, have increased considerably in recent years. The number of farms that sold food at roadside stands, farmers’ markets, pick-your-own farms, onfarm stores, and community-supported agricultural arrangements increased 24 percent between 2002 and 2012. Economists at the Economic Research Service (ERS) have found that farmers who market goods directly to consumers are more likely to remain in business than those who market only through traditional channels.

Farmers face many business risks, including fluctuations in prices and yields.  ERS looked at Census of Agriculture data showing that 61 percent of farms with direct-to-consumer (DTC) sales in 2007 were in business under the same operator in 2012, compared with 55 percent of farms without DTC sales. In a comparison of farms across four size categories (defined by annual sales in 2007), farmers with DTC sales had a higher survival rate in each category. The difference in survival rates ranged from 10 percentage points among the smallest farms to about 6 percentage points among the largest.

Expertise + Training + Commitment = A Day in the Life of a USDA Process Verified Program Auditor

As an auditor for USDA’s Agricultural Marketing Service (AMS), I am one of a small group of highly-qualified individuals from across the country who audits companies that use our programs and services to add value to their products in the market place.  One of these programs is the USDA Process Verified Program, or USDA PVP for short.

For a PVP audit, I do a significant amount of preparation before I’m even on-site, pouring over the Quality Manual the company prepared as part of their application.  The Quality Manual – the starting point for any PVP – documents all of the process points, the scope of each, and the standard I am ensuring they will meet. To evaluate this effectively, I rely on my extensive training in International Organization for Standardization’s (ISO) quality management system requirements and audit principles, as well as training specific to the industry, processes, and points being audited.