Scott Stiles

USDA announces $10 billion for farmers amidst economic hardship, uncertainty

By Sarah Cato
U of A System Division of Agriculture

LITTLE ROCK – As farmers face high input costs, low commodity prices and a postponed farm bill, the USDA is issuing up to $10 billion in direct economic assistance to agricultural producers.

PRODUCERS STRUGGLING – With low commodity prices and high input costs, Scott Stiles said the recent funding issued by the USDA is much needed assistance for Arkansas producers. (Division of Agriculture photo.)

The Emergency Commodity Assistance Program, authorized by the American Relief Act of 2025, will provide payments to growers based on planted and prevented planted crop acres for eligible commodities for the 2024 crop year. Major Arkansas row crops that qualify include corn, soybeans, cotton, rice, peanuts and wheat.

“This assistance is greatly appreciated by growers and no doubt, they need all the help they can get,” said Scott Stiles, an extension economics program associate for the University of Arkansas System Division of Agriculture. “The last few years have resulted in the most difficult economic situation that we’ve seen in the state since the mid-1980’s.

“In the background, we have now reached the third year without an updated farm bill,” Stiles said. “Arguably, you could say we’ve been operating under the same farm program provisions for the past 10 years. Persistently high input costs and a deep correction in commodity prices has producers in the state struggling. This is evidenced by the sheer number of operations that have gone out of business in the past two years.”

In order to streamline and simplify the delivery of ECAP funding, USDA’s Farm Service Agency will begin sending out pre-filled applications to producers who submitted acreage reports for 2024 eligible ECAP commodities soon after the signup period opens on March 19. Producers do not have to wait for their pre-filled ECAP application to apply, but can visit the FSA website. Stiles provides more information on eligibility, payment amounts and the application process in his most recent blog post.

“The assistance from ECAP will help, but a much improved and modernized farm policy safety net is needed for producers,” Stiles said. “Hopefully we will see some progress on that front in 2025.”

To learn more about Division of Agriculture research, visit the Arkansas Agricultural Experiment Station website: https://aaes.uada.edu. Follow on Twitter at @ArkAgResearch. To learn more about the Division of Agriculture, visit https://uada.edu/. Follow us on Twitter at @AgInArk. To learn about extension programs in Arkansas, contact your local Cooperative Extension Service agent or visit www.uaex.uada.edu.

Agricultural land values up 4.7% in Arkansas

by George Jared (gjared@talkbusiness.net)

Inflation has impacted consumers for the better part of a year, but it has also led to increased cropland acre values, according to the U.S. Department of Agriculture. The USDA’s National Agricultural Statistics Service “2022 Land Values Summary” indicates that agriculture acre values in Arkansas are up 4.7% to $3,550 per acre.

Values in the Natural State are slightly lower than the national average. The average farm acre in the U.S. is valued at $3,800, up more than 12% from the previous year. California led the nation with an agri acre value of $12,000, the report states. New Mexico has the least valuable agri acres with an average value of $610 per acre.

Scott Stiles, extension economist for the University of Arkansas System Division of Agriculture, said farmland values in Arkansas have increased four consecutive years, though the rise between the 2021 report and this year’s wasn’t as high as the national average.

https://talkbusiness.net/2022/09/agricultural-land-values-up-4-7-in-arkansas/

Planted acreage for all major Arkansas crops falls from March forecast

KUAR | By Ryan McGeeney / U of A System Division of Agriculture

Planted acreage for all major commodity crops fell from growers’ stated planting intentions in March, according to a report issued Thursday by the U.S. Department of Agriculture.

Scott Stiles, extension economist for the University of Arkansas System Division of Agriculture, said the across-the-board drop came as a surprise.

“When you tally up the March-to-June difference for all crops — soybeans, rice, corn, cotton and peanuts — June acres are 155,000 less than March intentions,” Stiles said. “You'd think with the wet April conditions that soybeans would have been the beneficiary and come in higher than the March estimate.

https://www.ualrpublicradio.org/local-regional-news/2022-07-01/planted-acreage-for-all-major-arkansas-crops-falls-from-march-forecast

Dan Charles/NPR

Arkansas farmer David Wildy inspects a field of soybeans that were damaged by dicamba in 2017.