Industry estimates show U.S. local food sales totaled at least $12 billion in 2014, up from $5 billion in 2008, and experts anticipate that value to hit $20 billion by 2019.
USDA expects the loans to be especially helpful to beginning or underserved farmers, U.S. veterans looking for a career in farming, and those who have small and mid-sized farming operations.
In 2014, these small family farms also accounted for 90% of all U.S. farms and 22% of agricultural production, according to USDA's Economic Research Service.
U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced a series of sweeping changes to a popular loan program for rural homebuyers.
Prices for turkey, a Thanksgiving staple, have increased more than prices for most other grocery store foods in recent years. From 2005 to 2011, average retail turkey prices increased by 47 percent, while food-at-home prices rose by 13 percent. Higher feed costs and energy prices led producers to reduce turkey inventories, driving up retail turkey prices.
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Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.