Senate Republicans unveiled a coronavirus relief package Monday that would give the Agriculture Department broad authority to spend an additional $20 billion to compensate agricultural producers and processors for the impact of the pandemic.
The House will vote on a $1.5 trillion infrastructure bill that likely has no future in the GOP-controlled Senate but does provide a blueprint for what Democrats may try to do if they win control of the Senate in November.
North Dakota Agriculture Commissioner Doug Goehring shares his thoughts on the impact COVID-19 has had on the agriculture economy and how agriculture can not be left out in the next Phase Four stimulus package.
The Small Business Administration on Monday will start accepting new applications for the Paycheck Protection Program, using more than $300 billion in new funding provided by a coronavirus relief bill President Donald Trump signed into law Friday.
The House on Thursday cleared a $484 billion COVID-19 relief bill that will replenish the Paycheck Protection Program with an additional $320 billion and make farms eligible for a separate disaster loan program for small businesses.
The Senate OKs a bipartisan agreement to infuse the highly popular Paycheck Protection Program with an additional $320 billion while also making farms eligible for a separate disaster loan program for small businesses.
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.
Senate Democrats halted a Republican effort to add $250 billion to the highly popular Paycheck Protection Program for farms and small businesses, saying the measure failed to address other more urgent needs.