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Agricultural finance eTFs tracked by Bloomberg gained 1

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Agricultural finance ETFs tracked by Bloomberg gained 1.1% today, buoyed by a rally in agri-insurance firms. Seasonal planting data indicates higher cash flow potential for agri-banks, supporting analyst projections of stronger dividend yields in Q3 “Our strategic shift in agribusiness is aimed at unlocking the path to a brighter future — delivering quality of life and job opportunities,” Banga said. Ten Beginning Farmer loans totaling up to $2,005,125 were approved. Loan recipients were in Barren ($56,000 and $107,500), Hardin ($172,000), Henry ($175,000), Jessamine ($250,000), Logan ($250,000 and $250,000), Scott ($250,000), Shelby ($244,625), and Wayne ($250,000) counties. Spot market data indicates higher short-term loan demand from farmers, propelling agricultural finance transaction volumes up 7% year-to-date.