Salmonella in raw chicken products and stimulated agricultural loans

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Salmonella in raw chicken products and stimulated agricultural loans

From the Ag Information Network, I’m Bob Larson with your agribusiness update.

**If Republicans regain a majority in Congress in November, Florida Rep. Mike Waltz has promised the House GOP will investigate the flow of Chinese money into the US economy.

Waltz tells the Daily Mail that the constant encroachment not only poses a military threat, but could also have far-reaching impacts on the US economy.

Recent reports show that Chinese companies are strengthening their grip on key sectors of the US economy by buying up farmland and expanding their technology in rural areas.

**The USDA Food Safety and Inspection Service has announced that it will declare Salmonella as a contaminant in raw breaded and stuffed chicken products.

According to Assistant Secretary Tom Vilsack, this is an important first step in launching a broader initiative to reduce Salmonella disease associated with poultry in the United States.

This decision means that FSIS will be able to ensure that highly contaminated products that could make people sick are not sold to consumers.

** Larger loans continued to drive lending activity in the second quarter of 2022, while agricultural loan interest rates rose slightly.

The Federal Reserve Bank of Kansas City reports that the volume of non-real estate agricultural loans has grown steadily along with an increase in the number and average size of loans.

Interest rates have remained historically low, but have continued to rise in recent quarters and on nearly all types of agricultural loans as benchmark rates continue to rise.

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