USDA program will help ag producers with losses due to price and supply chain impacts
May 15, 2020
BISMARCK – Agricultural producers with losses due to price and supply chain impacts caused by COVID-19 should consider gathering information in preparation for the opening of applications in the United States Department of Agriculture’s Coronavirus Food Assistance Program (CFAP).
On April 17, 2020, USDA Secretary Perdue announced the $19 billion CFAP, which will provide direct support based on actual losses for agricultural producers where prices and market supply chains have been impacted. It will also assist producers with additional adjustment and marketing costs resulting from lost demand and short-term oversupply for the 2020 marketing year caused by COVID-19.
“CFAP is available to farmers and ranchers with an eligible loss, regardless of size and market outlet,” Agriculture Commissioner Doug Goehring said. “USDA will soon begin taking applications and impacted producers are encouraged to gather recent sales and inventory data.”
Participation in Small Business Administration programs does not limit producer eligibility for CFAP, other FSA farm loans or any other USDA programs. More information may be found at https://www.farmers.gov/cfap.