Agricultural Economics, Department of
Cornhusker Economics
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Date of this Version
6-10-2020
Document Type
Newsletter Issue
Citation
Cornhusker Economics, June 10, 2020.
https://agecon.unl.edu/cornhusker-economics/2020/coronavirus-food-assistance-program-cfap-payments-nebraska-corn-and-soybean-producers
Abstract
On April 17, 2020, U.S. Secretary of Agriculture Sonny Perdue announced the Coronavirus Food Assistance Program (CFAP), a new program to assist producers and consumers affected by the COVID-19 pandemic (USDA 2020b). CFAP will provide $19 billion in relief to producers and entities throughout the supply chain. This will be done through two programs, Direct Support to Farmers and Ranchers ($16 billion) and USDA Purchase and Distribution ($3 billion) (USDA 2020a). Producers will be paid on actual losses due to decreases in prices and/or disruption of supply chains. On May 19, 2020 USDA announced the details of the CFAP. There are three support payments for producers affected by the pandemic: euthanasia and disposal support1, support from the CARES Act, and support from Commodity Credit Corporation (CCC) payments.
Comments
Copyright 2020 University of Nebraska