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Farm Bill Update: Fertilizer, Loans, SNAP | Sioux Falls News
Farmers are watching the Senate Agriculture Committee’s farm bill closely as it tackles three major issues: fertilizer price transparency, expanded farmland loan limits, and potential SNAP funding shifts. Since 2022, skyrocketing fertilizer costs have crushed farm finances, and the bill proposes weekly USDA reporting to help farmers plan and spot unfair pricing. Loan caps for buying land are being raised—direct ownership loans up to $850K, guaranteed loans to $3.5M, and operating loans hitting $750K and $3M respectively—to give new and existing farmers better access to capital. Meanwhile…
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