Rain reparations: Farmers in three Louisiana parishes could be eligible for federal disaster loans because of excessive rain and flooding between April and June. Louisiana Agriculture Commissioner Mike Strain says the USDA has authorized the aid for agriculture producers in Concordia, East Carroll and Tensas parishes. Farmers in the eligible areas have eight months to apply for the low-interest emergency loans from the USDA’s Farm Services Agency. Read the full story.
Distribution delay: The New York Times reports that the $12 billion bailout program designed to help farmers affected by tariffs has gotten about $838 million into farmers’ pockets so far. According to the Department of Agriculture, the $838 million has been paid out of the first $6 billion pot of money that was made available in September. Another pool of up to $6 billion is expected to become available next month, though there have been complaints about the extensive application process. Read the full story.
Dressing down: David’s Bridal is filing for bankruptcy protection but there is no danger for customers who have ordered dresses because operations continuing as normal while the wedding and prom retailer restructures. The bankruptcy filing, the private company announced this morning, will wipe out more than $400 million in long-term debt. The 300-plus stores run by the Conshohocken, Pennsylvania, company will continue to operate and online sales will continue unimpeded for the time being. Read the full story.
