farmers
- By By Kent Thiesse, Farm Management Analyst, MinnStar BankDecember 04, 2024Many farm families may be facing a deadline that they are not even aware of. It is estimated that approximately 230,000 farms are required to file Benefit Ownership Information (BOI) with the U.S. Department of the Treasury as part of the Corporate Transparency Act (CTA) that was passed by Congress in 2021. The CTA act was passed to combat money laundering and illegal funding by organized…
- October 23, 2024The U.S. Department of Agriculture (USDA) is announcing the launch of the Distressed Borrowers Assistance Network, an initiative designed to provide personalized support to financially distressed farmers and ranchers across the nation. Through a series of cooperative agreements, this national network will connect distressed borrowers with individualized assistance to help them stabilize and…
- February 18, 2020We are an agricultural community, and what’s good for the farm economy is what’s good for the Main Street economy. This isn’t news. Especially not to those of us who live in Rock County or even grew up here. And lately, agriculture has been a rapidly changing industry, in terms of technology, farm practices, global economy and other aspects. The temptation, then, can be to focus so much on the…
- August 23, 2016To the Editor: Maybe it’s just me, but I think farmers are all kicking each other while they’re down. The family of a close personal friend of mine is struggling to keep their dairy afloat, and loan payments are sucking up their savings. According to Minnesota Public Radio, the same thing is happening to farmers across Minnesota. Many farms face the same problems in Iowa, and I would imagine…
- By Minnesota Department of AgricultureSeptember 28, 2015As farmers across Minnesota ramp up fall harvest activity, the Minnesota Department of Agriculture (MDA) reminds everyone of possible hazards of the season. Federal and state statistics show farming is one of the most dangerous professions. In 2013, the latest year reported, 17 of the 69 work-related deaths in the state were in the ag industry, according to data from the Minnesota Department of…
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