READER POST:
EIDL Loan Limit For Farmers And Businesses Increased To $500,000
The Land Report
By Robert W. Neill, Jr.
Farmers, businesses, non-profits and churches, sole proprietors, gig workers and other groups can apply for PPP loans until May 31, 2021. SBA is holding weekly webinars on their web site to assist applicants. The maximum amount for EIDL loans has been increased to $500,000 with an application deadline of December 31, 2021 (SBA)
The U.S. economy continues to outperform expectations (CoBank)
Drought conditions are a concern for farmers in the Western Corn Belt. (Brownfield Ag News)
Iowa farmland prices went up 8% during the pandemic. (AgWeb)
Higher commodity prices may bring higher rents for landowners in 2022. Higher rents have the potential to push farmland prices even higher than record levels. (AgWeb)
Drought may be a serious problem for Kansas, Oklahoma and Texas ranchers (Drover’s Daily)
The Purdue/CME Group Ag Economy Barometer is again nearing a record high with farmers optimistic about future economic conditions. ( Purdue/CME Group)
Less than 1% of farmers have entered into carbon contracts (AgWeb)
JPMorgan predicts economic boom times at least into 2023 in the annual shareholder letter. CEO Jamie Dimon called this “a “Goldilocks moment” for the economy. (CNBC)
The Taiwanese government is testing hog herds for African Swine Fever (Brownfield Ag News)
SBA started accepting applications for the Shuttered Venue Operators Grant (SVOG) on Wednesday. Qualified applicants such as theaters, performing arts, museum operators, zoos, aquariums, and others can receive 45% of their 2019 gross earned revenue. (SBA)
Uber is spending $250 million to recruit and retain drivers because of the surging economy. Uber and Lyft need more drivers to meet growing demand. (Morning Brew)
Treasury Secretary Janet Yellen said investments in infrastructure by the Biden administration will add 1.6% to US GDP by 2024. (Morning Brew)
Brazil’s CONAB predicts record corn and soybean crops (Brownfield Ag News)
China has created its own digital currency the digital yuan and is the first mejor country to do so. (#digi-yuan) (Wall Street Journal)
The National 4-H Council thinks President Biden’s infrastructure plan for rural America will be a game changer for young people (AgWeb)
Electric and self driving trucks are getting closer. Tesla, Nikola, and Volvo are involved with electric and TuSimple, Daimler, Waymo, and Volvo are pushing ahead with self-driving. (Robinhood Snacks)
81% of Americans use YouTube, 69% use Facebook, 40% use Instagram, 31% use Pinterest, and 28 % use LinkedIn with other social media companies trailing behind. (Pew survey)
There are over 6,500 land tracts for sale this week in Mississippi ranging from 1 acre to 12,000 acres. The lowest price per acre this week is $900 an acre for a tract in Yalobusha County. (landhungry.com)
Robert W. Neill, Jr. is a sixth-generation farm and land owner and a licensed real estate broker who represents buyers of farm and land properties. He can be reached through his web site at landhungry.com His column The Land Report is periodically published with brief actionable and newsworthy summaries with an emphasis on farm, land, rural, and small businesses interests.
