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Stimulus package offers help for ag

government

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...




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