Business

Young Farmer and Rancher Conference set for April 9-11 in Round Rock

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Texas Farm Bureau (TFB) is processing registration for its upcoming Young Farmer and Rancher Conference scheduled for April 9-11 at the Austin Marriott North Hotel in Round Rock. Sessions will also be available via Zoom for those unable to travel to the event. Designed to equip young Ag leaders with tools and information needed to increase their agriculture advocacy efforts and assist with farm and ranch decisionmaking. Open to college students and farmers and ranchers ages 18-35, attendees will learn about the Texas Farm Bureau, hear from legislators, and learn more about the legislative process. More information is available at https:// texasfarmbureau.org/YFR, or by calling 254.751.2489. TFB also awards over $200,000 annually in scholarships. Details are at http:// texasfarmbureau.org. Applications are due by March 5.
Young Farmer and Rancher Conference

Comptroller distributes $1.05B in sales tax revenue

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AUSTIN—Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $1.05 billion in local sales tax allocations for February, 0.7 percent more than in February 2020.
Sales Tax

Agriculture Briefs

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Texas Farm Service Agency (FSA), in partnership with Texas A&M AgriLife Extension, is hosting the Texas Program Updates Webinar via Zoom tomorrow, Friday, Feb. 12, from 9-10 am. Texas FSA state office staff will discuss county office operations during the COVID-19 pandemic. Important updates will include the Coronavirus Food Assistance Program (CFAP) and Quality Loss-Adjustment Program (QLA), Farm Loan programs, and Agriculture Risk and Price-Loss Coverage Program. Registration is required at https://bit.ly/3jDHD2m.
Farmland

RRC reports Jan. ‘21 drilling permits, completion stats

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AUSTIN—The Railroad Commission of Texas issued a total of 512 original drilling permits in January 2021 compared to 1,156 in January 2020. The January 2021 total includes 446 permits to drill new oil or gas wells, two to re-enter plugged well bores, and six for re-completions of existing well bores.
Oil Rig

USDA nominee lays out his plans for Ag’s future

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Confirmation hearings for Tom Vilsack, 70, ended Tuesday before the Senate Agriculture, Nutrition, and Forestry Committee with the Senate panel voting unanimously to advance his nomination to the full Senate. The Iowa native is expected to garner broad bipartisan support leading to a smooth confirmation process as U.S. agriculture secretary.
Tom Vilsack

Comptroller: State sales tax revenue totaled $3.1B in January

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AUSTIN—Texas Comptroller Glenn Hegar this week said state sales tax revenue totaled $3.07 billion in January, 0.3 percent less than in January 2020.The majority of January sales tax revenue is based on sales made in December and remitted to the agency in January.
Sales Tax

TWDB accepting applications for 2021 agricultural water-conservation grants

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The Texas Water Development Board (TWDB) is now accepting applications for Fiscal Year 2021 agricultural water-conservation grants. Applications are due to the TWDB no later than Wednesday, Feb. 10, at 2 pm. Up to $1,200,000 in grant funding is available to eligible political subdivisions and state agencies for agricultural water-conservation projects that improve irrigation efficiency, enhance resilience to weather extremes and climate variability, and promote innovation in agriculture. Priority consideration may also be given in the scoring and ranking of applications to projects that focus on improving soil health. Applicants are encouraged to engage agricultural producers and water managers through workshops and field days to promote the adoption of water-conservation practices and technologies. Applicants are encouraged to build upon the success of existing efforts and leverage the support from other local, state, federal, and private industry partners. Selected projects will further water conservation in the state and serve the public interest by supporting the implementation of water-conservation strategies identified in the state and regional water plans. Interested applicants are encouraged to contact Cameron Turner at 512.936.6090 or cameron.turner@twdb.texas.gov. For more information, please view the full request for applications and application instructions online at twdb.texas.gov. Visit the Agricultural Water Conservation Grants program page for general program information and read about the success stories and examples of previously funded projects.
Irrigation

SBA offers disaster loans for businesses, private nonprofits, homeowners and renters

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SACRAMENTO—Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West this week reminded Texas small nonfarm businesses of the deadline dates to apply for an SBA federal disaster loan for economic injury. These low-interest loans are to offset economic losses because of reduced revenues caused by adverse weather conditions in the following primary counties.
Farmland

USDA invests $11.65M to help landowners control feral swine

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“These awards enable landowners to address the threat that feral swine pose to natural resources and agriculture,” NRCS Acting Chief Kevin Norton said. “The projects we have identified will be key to addressing the feral swine problem.” (U.S. Department of Agriculture, Public Domain)
Feral hog

Farmer expected to end 2020 with best net income in 7 years

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DES MOINES, Iowa (AP)—Thanks to the government paying nearly 40 percent of their income, U.S. farmers are expected to end 2020 with higher profit than 2019 and the best net income in seven years, the Department of Agriculture said in its latest farm income forecast in December. Farm cash receipts are forecast to decrease nearly 1 percent to $366.5 billion, the lowest in more than a decade, measured in real dollars. Direct federal government payments saved farmers’ bottom line: Farmers overall saw a 107 percent increase in direct payments from 2019, when a third of net income came directly from the government. Excluding USDA loans and insurance indemnity payments made by the Federal Crop Insurance Corp., farmers are expected to receive $46.4 billion from the government, the largest direct-to-farm payment ever. That includes $32.4 billion in assistance through coronavirus pandemic relief food assistance and Paycheck Protection program payments to farmers. Additional support comes from more traditional revenue-loss programs due to low commodity prices, compensation for trade disruptions resulting from tariff battle, and conservation programs assistance. Overall, farmers will see the highest level of net farm income, a broad measure of profitability, since 2013, the USDA said.
Farmland
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