USDA Announces Loans and Grazing Access for Beef Industry
The USDA announced new loans for small meat processors and grazing access on conserved land to support the beef industry. The actions follow record beef prices and declining cattle herds driven by drought and wildfires.
The United States Department of Agriculture rolled out guaranteed loans and grazing access on Monday to support ranchers. The federal package arrives as retail beef costs climb to historic highs following severe weather. Drought and wildfires have pushed the national cattle herd down to 75-year lows across the country.
