The recently enacted COVID-19 resource and relief package included a number of agriculture-related provisions, such as a $1.5 billion extension of the Farmers to Families Food Box program, as well as additional support for crop, specialty crop, livestock, poultry and dairy farmers, among others, i.e., What’s In the New COVID-19 Relief Package for Agriculture? The bill also includes several improvements to a second round of the Paycheck Protection Program. Today’s article highlights the PPP improvements that will benefit farmers and ranchers, including new qualifying expenses, using gross farm income to determine loan amounts and reducing the level of required losses to qualify. For more, please click here.
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