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...
