Good news for Florida’s citrus industry and the agricultural community as a whole!
The 5-year farm bill debacle is finito. Well, almost.
As of February 4th, it’s finally out of Congress’ hands.
Now, all that’s left is President Obama’s seal of approval, which should come in no time!
Along with Obama’s stamp of approval, will follow a plethora of benefits to Florida’s citrus industry.
Anyone involved in the citrus industry is aware that Florida’s signature citrus crops have been hurting due to the ever-expanding HLB “citrus greening” epidemic.
To combat this invasive beast, heavy research and collaboration is paramount and urgent.
The farm bill offers the industry hope with its $125 million worth of mandatory funding for citrus pest and disease research initiatives. $25 million of this funding will be disbursed each year for the next five years to contribute to dedicated research efforts. Any unused funds will stick around, getting passed on to the following year.
Finally, the industry has access to a great organization with sufficient funding in place to support research outside of grower assessments. Thanks to a strong collective of citrus supporters, congressmen, and senators, as well as Florida’s Commissioner of Agriculture, this critical federal program has reached fruition.
Need help developing your citrus operation? Call on us here Bankers South – a Florida-based ag lending company – for farmland financing support. Our AgAmerica Lending Program boasts unparalleled ag loan products perfect for re-planting citrus trees, expanding your groves, etc. Please contact us for further information about our AgAmerica ag loans and citrus loans!