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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, April 24, 2024
USDA says a record 1.77 million contracts were signed by producers for the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2019 crop year.
Friday’s announcement of $19 billion in coronavirus-related direct payments and commodity purchases was welcome news in farm country, which is reporting a growing level of stress about the pandemic.
The Department of Agriculture has announced a $19 billion program that combines direct payments to producers and $3 billion in commodity purchases for distribution through food banks and faith-based organizations.
The Small Business Administration ran out of money Thursday for the highly popular forgivable loans that dairy operations and other farms and businesses that have been applying for in droves to pay workers amid the loss of sales during the COVID-19 crisis.
Some ethanol plants who just spent thousands of dollars altering equipment to make hand sanitizer are fuming after the Food and Drug Administration (FDA) reversed its guidance that relaxed alcohol regulations for hand sanitizer production.
Without government relief, some analysts are sharply lowering their estimates of net farm income because of the impact of the COVID-19 crisis on agricultural markets, with the livestock sector and corn growers bearing much of the hit.
A major pork processing plant is coming offline after almost 300 of its workers have tested positive for COVID-19, leaving many in the industry bracing for potential shockwaves yet to come.