Congress last week earmarked nearly $25 billion for farmers as part of a $2 trillion stimulus package to address economic damage caused by the coronavirus outbreak.
The Coronavirus Aid, Relief and Economic Security (CARES) Act includes $14 billion to replenish the USDA’s Commodity Credit Corporation (CCC) borrowing authority and an additional $9.5 billion for the USDA to help livestock and specialty crop farmers. The CCC funding provides resources for USDA to potentially make another round of Market Facilitation Payments.
“There are a number of parts in the package that can help farmers,” said Iowa Farm Bureau President Craig Hill. “Number one, additional...
Members Only Content
Join Iowa Farm Bureau or login to view all members only content and receive other member benefits.