CFAP Payments to Date and Possible Future Ad Hoc Farm Payments
9/15/2020 7:00:00 PM
In May, the USDA announced the Coronavirus Food Assistance Program (CFAP) to compensate farmers for market losses concurrent to the ongoing coronavirus pandemic. USDA projected making $16 billion in CFAP payments to farmers. In this article, we analyze CFAP payments made to date, consider whether actual payments will reach this budgeted $16 billion amount by the time the application period ends on September 11, 2020, and discuss the prospect of further ad hoc farm payments in 2020. For more, please click here.
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