Business

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

Third quarterly AgriLife oil and gas miniseries is postponed

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The third in a series of Hemphill County AgriLife oil and gas short courses, which was scheduled for next Tuesday, Jan. 19, has been postponed and will be rescheduled at a later date. The miniseries is being hosted by Haley and Bryce Ward, both of whom have a broad range of expertise in the oil and gas industry.

The classes, which are designed to be no longer than two hours, address a variety of topics of particular interest to land and mineral owners. Haley Ward announced the postponement of this month’s class, and said a new date will be announced when scheduled.

Oil & Gas

Comptroller distributes $783M in monthly sales tax revenue

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AUSTIN—Texas Comptroller Glenn Hegar announced this week he will send cities, counties, transit systems, and special-purpose taxing districts $783.2 million in local sales tax allocations for January, 2.6 percent more than in January 2020. These allocations are based on sales made in November by businesses that report tax monthly.
Sales Tax

State sales tax revenue totaled $2.9 billion in December 2020

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AUSTIN—Texas Comptroller Glenn Hegar said this week that state sales tax revenue totaled $2.86 billion in December, 5 percent less than in December 2019. The majority of December sales tax revenue is based on sales made in November and remitted to the agency in December.
Sales Tax

CRP general signup period ends Feb. 12

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COLLEGE STATION—Enrollment for agricultural producers and private landowners interested in the Conservation Reserve Program (CRP) began this week and continues until Feb. 12. The competitive program, administered by USDA’s Farm Service Agency (FSA), provides annual rental payments for land devoted to conservation purposes.
Grassland
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