We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Privacy Terms and Cookie Policy
Shining Light on Farm & Food Policy for 20 Years.
Sunday, September 01, 2024
Local and regional agriculture and food markets stand to lose up to $688.7 million in sales through May because of the shutdowns caused by the COVID-19 pandemic, according to analysts familiar with the sector.
The restaurant industry estimates it will lose $225 billion, 25% of its annual revenue, if the industry is shut down for three months because of the COVID-19 pandemic.
President Donald Trump signed into law a COVID-19 relief package that expands domestic feeding programs and suspends the Supplemental Nutrition Assistance Program’s work requirements during the crisis.
The White House is asking Congress for $45.8 billion to cover the rising cost to the Agriculture Department and other departments and agencies of responding to the coronavirus pandemic.
Commodity markets continue to skid and farmers are heading into planting season facing the prospect of a global recession spawned by the coronavirus pandemic that could further depress demand for key ag commodities, including meat and ethanol, economists say.