Nebraska Edition | Apr 25, 2019

PRSRT STD U.S. Postage Paid Permit #36 OMAHA, NE POSTAL CUSTOMER NEBRASKA EDITION F arm R anch aPRIL 25, 2019 Vol. 23 Issue 7 MARKET GLANCE Livestock and Products, Weekly Average Year Ago 4 Wks Ago 4/19/19 Nebraska Slaughter Steers, 35-65% Choice, Live Weight..............* * 130.00 Nebraska Feeder Steers, Med. & Large Frame, 550-600 lb.......188.49 179.33 183.34 Nebraska Feeder Steers, Med. & Large Frame 750-800 lb.........145.71 151.36 155.53 Choice Boxed Beef, 600-750 lb. Carcass................................... 211.78 224.94 232.50 Western Corn Belt Base Hog Price Carcass, Negotiated............. 58.36 48.42 81.17 Pork Carcass Cutout, 185 lb. Carcass 51-52% Lean...................67.26 62.87 85.88 Slaughter Lambs, wooled and shorn, 135-165 lb. National.........149.52 141.07 152.54 National Carcass Lamb Cutout FOB...........................................373.54 372.16 378.29 Crops, Daily Spot Prices Year Ago 4 Wks Ago 4/19/19 Wheat, No. 1, H.W. Imperial, bu...................................................4.30 3.83 3.83 Corn, No. 2, Yellow Columbus, bu................................................3.57 3.41 3.44 Soybeans, No. 1, Yellow Columbus, bu.........................................9.42 7.84 7.75 Grain Sorghum, No.2, Yellow Dorchester, cwt..............................5.81 5.29 5.36 Oats, No. 2, Heavy Minneapolis, Mn, bu......................................2.72 3.11 3.29 Feed Alfalfa, Large Square Bales, Good to Premium, RFV 160-185 Northeast Nebraska, ton.....................................* 175.00 * Alfalfa, Large Rounds, Good Platte Valley, ton...............................* 105.00 123.33 Grass Hay, Large Rounds, Good Nebraska, ton..........................87.50 92.50 * Dried Distillers Grains, 10% Moisture Nebraska Average............170.00 145.50 133.50 Wet Distillers Grains, 65-70% Moisture Nebraska Average......... 55.00 50.00 46.00 For daily agriculture news, updates and local happenings, visit www.farmandranchnetwork.net Proud Supporters Of farmandranchnetwork.net Your source for ag news that affects Nebraska and the Plains region. F arm R anch NetworkServiceCo FFA SPECIAL SECTION Chase, Dundy, Frontier, Hayes, Hitchcock, Keith, Lincoln, Perkins, & Red Willow counties....................... 4-11 markets Grain, hay, & cattle...............................2 country living Floor plan...............................................3 hEARTLAND CATTLEMAN Livestock news. ..................................12 CLASSIFIEDS ........................................................ 14-15 WASHINGTON – Higher limits are now available for borrowers interested in USDA’s farm loans, which help agricultural producers purchase farms or cover operating expenses. The 2018 Farm Bill increased the amount that producers can borrow through direct and guaranteed loans available through USDA’s Farm Service Agency (FSA) and made changes to other loans, such as microloans and emergency loans. “As natural disasters, trade disruptions, and persistent pressure on commodity prices continue to impact agricultural operations, farm loans become increasingly important to farmers and ranchers,” FSA Administrator Richard Fordyce said. “The 2018 Farm Bill provides increased loan limits and more flexibility to farm loans, which gives producers more access to credit when they need it most.” Key changes include: - The Direct Operating Loan limit increased from $300,000 to $400,000, and the Guaranteed Operating Loan limit increased from $ 1.429 million to $1.75 million. Operating loans help producers pay for normal operating expenses, including machinery and equipment, seed, livestock feed, and more. - The Direct Farm Ownership Loan limit increased from $300,000 to $600,000, and the Guaranteed Farm Ownership Loan limit increased from $1.429 million to $1.75 million. Farm ownership loans help producers become owner-operators of family farms as well as improve and expand current operations. - Producers can now receive both a $50,000 Farm Ownership Microloan and a $50,000 Operating Microloan. Previously, microloans were limited to a combined $50,000. Microloans provide flexible access to credit for small, beginning, niche, and non-traditional farm operations. - Producers who previously received debt forgiveness as part of an approved FSA restructuring plan are now eligible to apply for emergency loans. Previously, these producers were ineligible. - Beginning and socially disadvantaged producers can now receive up to a 95 percent guarantee against the loss of principal and interest on a loan, up from 90 percent. About Farm Loans Direct farm loans, which include microloans and emergency loans, are financed and serviced by FSA, while guaranteed farm loans are financed and serviced by commercial lenders. For guaranteed loans, FSA provides a guarantee against possible financial loss of principal and interest. For more information on FSA farm loans, visit www.fsa.usda.gov or contact your local USDA service center. 2018 Farm Bill increases limits and makes other changes to farm loans USDA

RkJQdWJsaXNoZXIy MzQ3MTk=