agricultural aid
Biden regulatory freeze halts USDA pandemic payments
As part of a government-wide regulatory freeze, the Biden administration has suspended payments while it reviews the $3 billion in pandemic aid to agricultural producers that was announced in the final week of the Trump administration, said the USDA on Thursday.
Coronavirus package allots $13 billion for crop and livestock producers
Row crop farmers would see payments of $20 an acre and livestock producers would be compensated for animals culled during the pandemic under the $900 billion coronavirus relief bill that was unexpectedly challenged by President Trump on Tuesday, a day after Congress passed it. The $13 billion bill includes a $400 million dairy donation program, aid to contract poultry growers, and assistance for textile mills and, potentially, ethanol refineries.
Financial stress rising in farm sector
The margin for error is shrinking in the farm sector as financial stress, measured by rising debt loads and the erosion of working capital, is rising, said Todd Van Hoose, chief executive of the Farm Credit Council on Wednesday.
Trump announces $13 billion in additional coronavirus aid to farmers
During a re-election rally in rural Wisconsin on Thursday, President Trump announced an additional $13 billion in coronavirus relief for U.S. farmers and ranchers, more than doubling assistance to the sector. The money will be available beginning next week, said the president.
‘Trump bump’ in farm income to disappear in 2021
U.S. farm income, buoyed by record-setting farm subsidies this year, will sink in the new year with the disappearance of government payments to buffer the effects of the trade war and the coronavirus pandemic on agriculture, said the FAPRI think tank on Thursday. Farm groups and their allies in Congress are likely to seek billions of dollars in new federal assistance, said analysts.
Highest farm income in seven years, thanks to record-setting federal aid
The Trump administration is showering U.S. agriculture with the largest farm supports ever, an estimated $37 billion, chiefly through stopgap programs to mitigate the impact of the pandemic, said the Agriculture Department on Wednesday. As a result, farm income in 2020 would be the highest in seven years.
Administration prepares another multibillion-dollar aid package for agriculture
The USDA aims to release a new version of its coronavirus relief program for farmers and ranchers in the next couple of weeks, said Agriculture Secretary Sonny Perdue on Wednesday, with at least $14 billion available. President Trump has suggested the new program will boost coronavirus spending on producers to $34 billion this year — a record for farm subsidies.
More money for agriculture to flow from Washington
Federal payments to farmers are forecast at a record $32 billion this year, with additional outlays all but certain due to the pandemic and economic recession, said two farm policy experts in gauging potential action in the near term.
Coronavirus payments leap by $2 billion in one week
In its largest payout since the program began, the USDA sent $2 billion in coronavirus aid to farmers and ranchers last week, most of it going to producers who had received a prorated payment earlier this summer.
Glitches in aid program obscure need for more relief during pandemic, say ag leaders
Farm groups are arguing for a massive new round of cash for agriculture in the coronavirus relief bill being negotiated by Congress and the White House, even though billions of dollars in an ongoing USDA aid program may go unclaimed. There's no contradiction in the request, said the two largest U.S. farm groups on Monday. <strong> (No paywall) </strong>
Million-dollar payments from USDA’s coronavirus fund
A hog producer, Titan Swine, got the largest single payment during the first month of the USDA's coronavirus relief program — $1.4 million — and it received two additional checks, totaling $1.1 million, on the same day, reported The Counter on Thursday. <strong>(No paywall)</strong>
White House cites USDA ‘poison pills’ in threat to veto $260 billion spending bill
The White House listed five dozen objections to parts of a $260 billion government funding bill, including bans on implementing two Trump regulations to narrow SNAP eligibility, on Thursday, and threatened a presidential veto. As the House debated the appropriations bill, Republican senators worked on coronavirus relief legislation expected to include billions of dollars of new agricultural assistance.
Farm, anti-hunger groups try to squeeze into $1-trillion pandemic bill
"Everything's on the table" as Congress sets to work on a new coronavirus relief bill, and most of it will end up in the wastebasket, said Senate Finance chairman Chuck Grassley. Farm groups are pressing for billions of dollars in aid to offset low commodity prices and anti-hunger activists say a temporary increase in SNAP benefits would reduce hunger and stimulate the economy.<strong>(No paywall)</strong>
Federal payments soften farm financial stress
Agricultural credit conditions remain weak, but government payments "appear likely to limit the severity of financial stress among farm borrowers in the coming months," said the Federal Reserve in a quarterly report on Thursday. <strong>(No paywall)</strong>
Farm groups ask for billions more in coronavirus aid
Although the USDA has distributed only 9 percent of the $16 billion in coronavirus aid earmarked for agriculture, three farm and ranch groups asked lawmakers for more on Wednesday. The American Farm Bureau Federation sent a five-page wish list to Congress that included a $38 billion increase in USDA spending power and a guarantee that undocumented farmworkers will not be targeted by immigration agents during the pandemic. <strong>(No paywall)</strong>
Five states get one-third of initial coronavirus payments
Farmers and ranchers have received $545 million in the first batch of coronavirus relief payments, said the USDA on Thursday. One-third of that money went to producers in five states: Illinois, Kansas, Nebraska, South Dakota, and Texas. <strong>(No paywall)</strong>
Coronavirus aid slanted against local food, says small-farm group
The Trump administration's $16 billion coronavirus aid package for agriculture "fails to deliver for many farmers who are the backbone of local, resilient, sustainable food systems," said the National Sustainable Agriculture Coalition on Wednesday. The group said small producers would be trampled by large operators in the first-come, first-served race for payments that can go as high as $750,000. <strong>(No paywall)</strong>
One year of coronavirus relief could match two years of trade war aid
The government could spend $25 billion, or more, to help the farm sector survive the coronavirus pandemic and the accompanying economic slowdown, said Agriculture Secretary Sonny Perdue on Thursday. If that happens, the administration will have spent more than $50 billion in three years to mitigate the impact of catastrophic disease and trade war on U.S. agriculture. <strong>(No paywall)</strong>