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Shining Light on Farm & Food Policy for 20 Years.
Friday, November 08, 2024
The disruption triggered by the COVID-19 pandemic has scrambled the entire U.S. food supply chain, but nowhere is the challenge more stark than in the egg industry.
Produce industry groups are asking the Agriculture Department for up to $5 billion in payments to compensate growers and dealers for losses they suffered when restaurants, schools and colleges suddenly closed because of the COVID-19 pandemic.
The National Milk Producers Federation and International Dairy Foods Association are jointly asking USDA to rescue the industry from the impacts of the COVID-19 pandemic by paying farms to cut production and providing forgivable loans to processors to keep buying milk.
The American Farm Bureau Federation delivers the Trump administration a detailed list of requests to swiftly use its authority under the $2 trillion economic stimulus package to rescue “all sectors of agriculture” from the twin blows of plunging commodity prices and the COVID-19 pandemic.
Banks and Farm Credit System institutions on Friday began taking applications from farmers and other small businesses for $349 billion in forgivable loans aimed at shoring up the economy during the COVID-19 crisis.
The Small Business Administration released rules Tuesday for a massive $349 billion forgivable loan program that is intended to help businesses, including agricultural employers, across the country to rehire or retain workers during the COVID-19 crisis.
President Donald Trump signs into law a $2 trillion economic stimulus package that includes $23.5 billion in aid to farmers and ranchers as well as marketing loan relief.
Congressional leaders have reached agreement on a $2 trillion economic rescue package that would replenish the Agriculture Department’s Commodity Credit Corp. authority and earmark additional money for livestock and specialty crop producers as well as local agriculture.
Lawmakers may clear the way for another round of Market Facilitation Program payments as well as other aid to producers as part of a massive economic stimulus package that the Senate is expected to consider on Monday.
Farm groups are lobbying Congress and the Trump administration for a number of relief measures to help producers cope with the slide in many commodity markets that has deepened as the COVID-19 pandemic worsens.
