Virtual Texas A&M beef cattle short course is set for Aug. 3-5
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The annual Texas A&M beef cattle short course is going virtual this year due to COVID-19 restrictions.
Business
Kynzie Rae McNeill is new regional manager for Texas Range Minerals Inc.
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McNeill is a sixth-generation rancher who grew up working on a commercial cow/calf ranch in southeastern New Mexico and West Texas. McNeill Ranch began using Texas Range Minerals in 1994. Over time, McNeill has seen the results of their specialized mineral program on production and the bottom line.
TWDB seeks nominations for regional flood-planning groups
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AUSTIN—The state of Texas is beginning its first-ever regional flood-planning process, and the Texas Water Development Board (TWDB) is looking for nominees to be considered for membership in the 15 planning groups.
USDA to guarantee $1 billion in loans for rural businesses, farmers hurt by pandemic
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The U.S. Department of Agriculture said Thursday it would “provide up to $1 billion in loan guarantees to help rural businesses and farmers meet their working capital needs during the pandemic ... with money from the $2 trillion coronavirus relief package,” Chuck Abbott reports for Successful Farming. “The new program is patterned on USDA’s existing business and industry program but with a higher loan guarantee level and lower requirements for collateral. Loan guarantees assure lenders that the government will pay off a loan if the borrower cannot.”
Over 26,000 Texas O&G jobs lost in April
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More than 26,000 employees working in the Texas oil and gas industry lost their jobs in April as the coronavirus outbreak has shuttered global oil demand, the Houston Chronicle first reported.
Direct assistance is available to farmers through Coronavirus Food Program
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WASHINGTON, D.C.—U.S. Secretary of Agriculture Sonny Perdue this week announced details of the Coronavirus Food Assistance Program (CFAP), which will provide up to $16 billion in direct payments to deliver relief to America’s farmers and ranchers impacted by the coronavirus pandemic.
Happy State acquires Centennial Bank
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AMARILLO, TX – May 15, 2020 – In a joint statement, Mikel Williamson, President & CEO Happy State Bank and Gregg Appel, CEO of Centennial Bank announced that regulatory approval has been received by the Texas Department of Banking and FDIC for Happy Bancshares, Inc. to purchase and assume operations of Lubbock-based Centennial Bank and its holding company Commerce Bancshares, Inc. which will become part of Happy State Bank.
Farmers’ hopes for respite from seven years of mainly bad news fade, amid market problems
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Reprinted from The Rural Blog (irjci.blogspot.com)
Farm bankruptcies running 23 percent ahead of a year ago
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Reprinted from The Rural Blog (irjci.blogspot.com)
Texas RRC reports April 2020 drilling permits, completions
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AUSTIN—The Texas Railroad Commission issued a total of 456 original drilling permits in April 2020, compared to 909 in April 2019—a 50 percent decrease. The total includes 416 permits to drill new oil or gas wells, two to re-enter plugged well bores, and 27 for recompletions of existing well bores. Those permits included 97 oil, 15 gas, 311 oil or gas, 15 injection, and 18 other permits.
