By Ashley Rice
President Donald Trump announced $16 billion in direct payments to farmers and ranchers through the USDA’s Coronavirus Food Assistance Program (CFAP).
“These payments will compensate farmers for losses related to the global pandemic,” Trump said. “We’ll be providing billions of dollars for corn, cotton, soybean and specialty crop farmers, cattle ranchers, just about every category. I think we have almost every category, and if we don’t, we’re going to add them if we left something out. We have a lot of territory, dairy producers, pork producers and more.”
Producers who have suffered eligible losses may begin applying for the program at their county Farm Service Agency on May 26. Upon approval of the application, producers will receive 80% of their maximum total payment. The remaining portion will be paid at a later date.
“A healthy economy is vital to maintaining a healthy society, and by working together we can restore our economy, shield the vulnerable, care for the needy, deliver world class health care and vanquish the virus,” Trump said. “The job you do is so powerful and so important. The American farmer is very critical to the success of that mission.”
Illinois Farm Bureau President Richard Guebert Jr. shared his appreciation for the Trump Administration and Congress for the actions taken to help mitigate the damages incurred by the pandemic on our supply chain and our markets.
“These direct payments are an economic lifeline for many Illinois farmers struggling to operate through pronounced hardships and the beginning of necessary aid as they navigate through financial uncertainty for years to come," said Guebert.
Additional information can be found here.
This story was provided by FarmWeekNow.com.