This hardware store in Maine recently transitioned from private ownership to a worker-owned co-op, with the full support of the long-time business owners. To help in cases where the retiring owners may need some additional incentives to sell to workers, USDA’s B&I program now has added flexibility to support such transitions.
The retirement of the baby boom generation of business proprietors is predicted to result in a major turnover in ownership. Developing an ownership succession plan is especially challenging in rural areas where many small businesses are at risk of closing from the lack of locally available financing to keep them in operation. Rural Development’s Business and Industry (B&I) Guaranteed Loan Program now has new capabilities as of this August that specifically accommodate the needs of financing ownership succession.
B&I guarantee borrowers can now apply to loans for financing the transfer of business ownership within a family, usually involving a sale from parents to children. Prior to recent changes in the rules it was assumed that within families the transfer of ownership was always a seller-financed transaction. Yet, some retiring business owners may need to immediately take the sales revenue out to finance their retirement. Read more »
The Country of Origin Labeling regulations require most grocery stores to provide the country of origin for fish and shellfish, and the method of production (farm-raised or wild-caught), at the point of sale where consumers make purchasing decisions.
How can fish in a grocery store be labeled as both “Alaskan” and “Product of China” on the same package? The answer is that although much of the seafood sold in the United States is labeled with a foreign country of origin, some of that same seafood was actually caught in U.S. waters.
Under the Country of Origin Labeling program regulations – enforced by USDA’s Agricultural Marketing Service – when fish are caught in U.S. waters and then processed in a foreign country that foreign country of processing must appear on the package as the country of origin. This processing usually takes the form of filleting and packaging the fish into the cuts you see in the grocery store seafood department or frozen food aisle. However, if the fish was actually caught in Alaskan waters, retailers are also able to promote the Alaskan waters the fish was actually caught in, in addition to the country in which the processing occurred. Read more »
To help meet the needs of Tribal Nations and provide transparency and pricing information, we recently developed the National Tribal Grown, Produced or Harvested report. Pictured here is a Native American Leech Lake Band of Ojibwe youth tending to a rice crop on the Leech Lake Reservation in Minnesota
According to the 2012 Census of Agriculture, there were 71,947 American Indian or Alaska Native farm operators in the United States in 2012, accounting for over $3.2 billion in market value of agricultural products sold. Tribal Nations were identified as one group that is an underserved segment of agriculture, and USDA Market News is answering the call to provide them with the commodity data they need.
USDA Market News – part of USDA’s Agricultural Marketing Service (AMS) – assists the agricultural supply chain in adapting their production and marketing strategies to meet changing consumer demands, marketing practices, and technologies. USDA Market News reports give farmers, producers, and other agricultural businesses the information they need to evaluate market conditions, identify trends, make purchasing decisions, monitor price patterns, evaluate transportation equipment needs, and accurately assess movement. Read more »
In this demonstration at the Great Lakes Intertribal Food Summit in September 2016, wild rice is hand parched over a wood fire, a key step in the traditional processing of wild rice.
Autumn is a time to reflect on all that we have to be thankful for, as we enjoy the harvest of nature’s bounty during gatherings with family and friends. In Indian Country, culture and tradition are sustained through shared meals with family and the community. Traditional foods are a powerful way for each new generation to connect with and honor its history and its ancestors, and participants in USDA’s Food Distribution Program on Indian Reservations (FDPIR) have access to more traditional foods than ever this year. November, Native American Heritage Month, is an especially fitting time to celebrate the addition to FDPIR of bison, blue cornmeal, wild rice, and wild salmon – foods that not only nourish a body but sustain a culture.
In collaboration with the FDPIR community, USDA’s Agricultural Marketing Service and Food and Nutrition Service have been working to identify culturally relevant foods to procure and offer through FDPIR, a program that provides healthy food and nutrition education to an average of 92,500 income-eligible individuals living on or near reservations across the United States each month. The food package offers more than 100 domestically sourced, nutritious foods, including a variety of meat, poultry, fish, dairy, grains, and fruits and vegetables. In both fiscal year 2015 and 2016, USDA received an additional allocation of $5 million dedicated to traditional and locally-grown foods. This fund, authorized under the 2014 Farm Bill and subject to the availability of appropriations, has allowed the exploration of new culinary opportunities for FDPIR. Read more »
Cage-free hen and eggs. As the agricultural landscape evolves to meet consumer demand, USDA Market News ensures that emerging sectors—like the cage-free egg market—have the data they need to succeed. Photo courtesy of the Oregon State Department of Agriculture.
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. Read more »
Through LMR, more than a million livestock producers, hundreds of meat processors, some 37,000 retail food outlets, more than 1 million restaurants, as well as meat exporters, and many other stakeholders received critical data and market intelligence on a daily basis.
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. Read more »