skip to main content
skip to newscasts

Tuesday, July 16, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

After the Trump assassination attempt, defining democracy gets even harder; Trump picks Sen. JD Vance of Ohio, a once-fierce critic turned loyal ally, as his GOP running mate; DC residents push back on natural gas infrastructure buildup; and a new law allows youth on Medi-Cal to consent to mental health treatment.

view newscast page
play newscast audioPlay

Donald Trump is formally put up for GOP nomination and picks Ohio Senator J.D. Vance as his running mate. Former presidential hopeful Vivek Ramaswamy and swing state delegates consider ticket.

view newscast page
play newscast audioPlay

Enticing remote workers to move is a new business strategy in rural America, Eastern Kentucky preservationists want to save the 20th century home of a trailblazing coal miner, and a rule change could help small meat and poultry growers and consumers.

Report calls for more accountability, sustainability in Farm Credit System

play audio
Play

Friday, December 1, 2023   

A new report calls for greater accountability in the system that provides funding to farmers in underserved communities. The research takes a dive into the Farm Credit System, examining the risks and suggesting improvements to make the system more fair and sustainable.

Report lead author Dr. Joshua Humphreys is a farmer and president of the Croatan Institute. He asserted that, despite the Farm Credit System making around 45% of all agricultural loans, there is no transparency in how much of the funding goes to small, midsized or socially disadvantaged farmers.

"Minority home buyers were deeply underserved," Humphreys pointed out, "yet no data demographically related to race, ethnicity or gender along the lines of other equal lending opportunity sectors are provided."

According to the report, most Farm Credit System loans go to very large operations, and fewer than 20% to small or beginning farmers. Humphreys said the findings can be an opportunity for the system to address the disparities.

The report also examines the system's lack of climate-related reporting, and suggests ways to make sustainability a bigger priority in lending. For the last several decades, farmers have dealt with increased risks -- from rising temperatures and more frequent severe storms to wildfires.

Report contributor David Beck, director of policy at Self-Help Credit Union, said as agriculture's Government-Sponsored Enterprise, more can be done to help farmers to transition to more eco-friendly practices.

"For instance, helping small farmers or even larger farmers switch to more regenerative ag practices that can require a lot of upfront cost," Beck explained. "So, maybe helping subsidize that switch to more sustainable ag systems."

The research touches on governance issues as well, such as board members serving expired terms. Humphreys added these challenges must be addressed, as taxpayers ultimately would bail the system out in the event of a crisis.

"Agriculture is not immune from a wide array of environmental, social and governance risks and opportunities," he insisted. "I think that's the key takeaway, is that we really want to encourage the Farm Credit System to end its laggard position among Government-Sponsored Enterprises."

The report recommends conducting more climate research, implementing Green and Impact Bonds, and establishing a grant set-aside program through a congressional mandate.



get more stories like this via email

more stories
Wyoming's Bighorn Basin is located between mountain ranges that block the flow of moisture-laden air from both the east and west, making it one of the driest places in the state, according to the Water Resources Data System and State Climate Office. (BLM Wyoming)

Environment

play sound

Wyoming's irrigation infrastructure is aging and the state gets regular requests to update it but in some cases, project benefits may not outweigh …


Social Issues

play sound

The Republican National Convention is underway in Milwaukee and the assassination attempt on former President Donald Trump is a focal point. Voters …

Environment

play sound

University of New Hampshire scientists said a common aquatic plant called duckweed could help filter polluting runoff from dairy farms and so-called m…


Water parks are a good way to keep cool in the summer but the public health experts reminded parents to always supervise children playing in or near the water. (Adobe Stock)

Health and Wellness

play sound

Summer is usually a fun time to enjoy the outdoors with family and friends, but experts said Missourians should be taking precautions to keep a day …

Environment

play sound

Colorado is calling on solar energy entrepreneurs to put $156 million in Inflation Reduction Act funding to work accelerating rooftop and community-ba…

Sen. J. D. Vance, R-Ohio, is Donald Trump's vice presidential pick. Before his recent entrance into politics, he was perhaps best known as the author of a memoir about growing up in poverty in Appalachia. (Adobe Stock)

Social Issues

play sound

As the party announced Monday Sen. J.D. Vance, R-Ohio, is the vice presidential candidate on the GOP ticket, progressive groups said they are …

Social Issues

play sound

Plenty of political and social leaders are calling for unity and condemning political violence after this weekend's assassination attempt on former Pr…

Health and Wellness

play sound

Until the pandemic, telehealth and telemedicine were still outliers in health care but they have gone mainstream, especially benefiting underserved …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021