Agricultural Economics Department

 

Date of this Version

5-29-2020

Document Type

Article

Citation

Farm and Ranch Management News (May 29, 2020).

Also available at https://farm.unl.edu/coronavirus-food-assistance-program-livestock-producers.

DOI: 10.13014/frm00013.

Comments

Copyright 2020, the author. Used by permission.

Abstract

United States Congress and the President have approved multiple phases of COVID-19 assistance to date including the $2.3 trillion CARES (Coronavirus Aid, Relief, and Economic Security) Act passed in March that provides financial support for agricultural producers as a small part of the overall relief.

While agricultural producers and agribusinesses are eligible for two programs administered through the Small Business Administration, including the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDLs), the primary support for agriculture is coming from USDA through the Coronavirus Food Assistance Program (CFAP). The CARES Act provided $9.5 billion directly to the Secretary of Agriculture and provided $14 billion in funding to replenish Commodity Credit Corporation (CCC) accounts. The Secretary has used

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