(Washington D. C.) Farmers and ranchers will have several aid programs available to help them through the COVID-19 pandemic, including programs under development by the Department of Agriculture and the Small Business Administration. American Farm Bureau Federation Economist Veronica Nigh says the CARES Act included funding specifically for agriculture.
Farmers are not eligible for the SBA Emergency Disaster Loan Program, but can apply for assistance through the Paycheck Protection Program.
The $349 billion for the Paycheck Protection Program are allocated on a first come, first serve basis. Nigh says farmers and ranchers can find resources to help them navigate the programs online.
That’s AFBF Economist Veronica Nigh.
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Submitted by Micheal Clements on Tue, 04/07/2020 – 14:51
Source: AFBF (American Farm Bureau Federation)
American Farm Bureau Federation Newsline April 7, 2020
Audio provided as a service to farm broadcasters by the American Farm Bureau Federation
Audio with AFBF Economist Veronica Nigh
