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Biden-Harris Administration Invests $63 Million in High-Speed Internet for People in Rural Illinois, Michigan, Minnesota and Mississippi

U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced today that the Department is investing $63 million to bring high-speed internet access to people living and working in rural areas in Illinois, Michigan, Minnesota and Mississippi. Today’s investments include funding from President Biden’s Bipartisan Infrastructure Law, which provides a historic $65 billion to expand reliable, affordable, high-speed internet to all communities across the U.S.

“Investing in high-speed internet is a fundamental part of our partnership with rural communities,” Secretary Vilsack said. “Connecting rural Americans with reliable internet brings new and innovative ideas to the rest of our country. Under the leadership of President Biden and Vice President Harris, USDA is committed to ensuring that the people who make up the rich tapestry in rural areas have every opportunity to succeed – and that people can find those opportunities right at home in their communities.”

The $63 million in grants comes from the third funding round of the ReConnect Program, in which USDA invested a total of $1.7 billion. Since the beginning of the ReConnect program, the Department has invested $3.2 billion to bring high-speed internet access to people in rural communities across the country.

The four projects being funded today are:

  • McDonough Telephone Cooperative is receiving an $18 million grant to deploy a fiber-to-the-premises network in Illinois. The network will connect 1,583 people, 274 farms and 41 businesses to high-speed internet in Hancock, Henderson, McDonough and Warren counties. The company will make internet access affordable through the Federal Communications Commission’s (FCC) Lifeline and Affordable Connectivity Programs.
  • Alpha Enterprises Limited, Inc. is receiving a $19.5 million grant to deploy a fiber-to-the-premises network that will connect 1,023 people, 19 businesses and 10 farms to high-speed internet in Chippewa and Mackinac counties in Michigan. Alpha Enterprises Limited, Inc. will make high-speed internet affordable through the FCC’s Affordable Connectivity and Lifeline programs. The project will serve socially vulnerable communities in Mackinac County.
  • Paul Bunyan Rural Telephone Cooperative is receiving a $10 million grant to deploy a fiber-to-the-premises network in Minnesota. The network will connect 3,529 people, 71 businesses, 35 farms and two public schools to high-speed internet in Hubbard, Itasca and St. Louis counties.
  • Uplink Internet LLC is receiving a $15 million grant to deploy a fiber-to-the-premises network in Mississippi. This network will connect 2,340 people, 143 farms, 45 businesses and a public school to high-speed internet in Coahoma, Quitman and Tunica counties. It also will serve socially vulnerable communities in these counties, which are supported by the Rural Partners Network, an all-of-government initiative that combines federal, state and local resources to address specific needs in rural and tribal communities across the country.

Background: ReConnect Program

To be eligible for ReConnect Program funding, an applicant must serve an area that lacks access to service at speeds of 100 megabits per second (Mbps) (download) and 20 Mbps (upload). The applicant must also commit to building facilities capable of providing high-speed internet service with speeds of 100 Mbps (download and upload) to every location in its proposed service area.

Background: Bipartisan Infrastructure Law

President Biden forged consensus and compromise between Democrats, Republicans and Independents to demonstrate our democracy can deliver big wins for the American people. After decades of talk on rebuilding America’s crumbling infrastructure, President Biden delivered the Bipartisan Infrastructure Law – a historic investment in America that will change people’s lives for the better and get America moving again.

The Bipartisan Infrastructure Law provides $65 billion to ensure every American has access to affordable, reliable high-speed internet through a historic investment in broadband infrastructure deployment. The legislation also lowers costs for internet service and helps close the digital divide, so that more Americans can take full advantage of the opportunities provided by internet access.

To learn more about investment resources for rural areas, visit www.rd.usda.gov or contact the nearest USDA Rural Development state office.

USDA Rural Development provides loans and grants to help expand economic opportunities, create jobs and improve the quality of life for millions of Americans in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural, tribal and high-poverty areas. For more information, visit www.rd.usda.gov.

To subscribe to USDA Rural Development updates, visit the GovDelivery subscriber page.

Source : usda.gov

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Agricultural Market Update: Grain Prices, Crop Conditions, and Weather Impacts

Welcome back to our channel where we provide comprehensive updates on the latest trends and changes in the agricultural sector. This week, we're looking at significant movements in grain prices, crop conditions, and the effects of weather patterns. Let's dive into the details:

Grain Price Decline Grain prices have fallen to their lowest levels since 2020, with December corn down 4.3% and November soybeans losing 3.1%. This decline is partly due to the beneficial moisture brought by Hurricane Beryl to the Midwest, which has improved crop conditions significantly. The USDA reported that corn and soybean crops are in their best condition in four years, contributing to the downward pressure on prices.

Record Short Positions and Market Sentiment Fund traders have increased their net short positions in the corn market to a record level, with a net short of 347,000 contracts of corn. This reflects a bearish sentiment in the market, further influencing grain price dynamics. Similar selling trends were observed in soybeans and SRW wheat, indicating broad market caution.

Weather Impact and Forecast Hurricane Beryl has brought significant rainfall across Arkansas, Missouri, western Tennessee, western Kentucky, and southern Illinois, with more expected over Missouri, Illinois, and Indiana in the coming days. Despite this, the market is currently more focused on the moisture benefits rather than potential heat risks forecasted in the 6-10 and 8-14 day periods.

US Crop Conditions Corn and soybean conditions have shown slight improvements last week, with corn rated 68% good to excellent and soybeans at 68%. These are among the best ratings for this time of year since 2020, suggesting robust crop health that could continue to influence grain prices.

Winter Wheat Harvest and Spring Wheat Conditions The US winter wheat harvest is progressing well, ahead of schedule with significant portions already harvested in Kansas and Texas. Spring wheat conditions are also favorable, with 75% rated good to excellent, although there have been some declines in states like Idaho, South Dakota, and Washington. Brazil's Corn Harvest and US Exports Brazil's second corn crop harvest is advancing rapidly due to favorable hot and dry conditions, with 63% of the crop already harvested. Meanwhile, US corn shipments saw a substantial increase last week, indicating strong export demand, which contrasts with the recent drop in domestic grain prices.

Ongoing Developments Lastly, the USDA reported a flash sale of corn, with significant quantities sold to unknown destinations, scheduled for delivery over the next two marketing years. This could signal ongoing international demand for US corn despite lower prices.

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