The American Farm Bureau Federation delivers the Trump administration a detailed list of requests to swiftly use its authority under the $2 trillion economic stimulus package to rescue “all sectors of agriculture” from the twin blows of plunging commodity prices and the COVID-19 pandemic.
Banks and Farm Credit System institutions on Friday began taking applications from farmers and other small businesses for $349 billion in forgivable loans aimed at shoring up the economy during the COVID-19 crisis.
There’s interest on Capitol Hill and in the White House in an infrastructure package as part of the coronavirus recovery effort, but that interest will have to overcome the skepticism of Senate Majority Leader Mitch McConnell.
More than 140 members of Congress are calling on the Department of Agriculture to offer “swift assistance for cattle producers” with some of the $9.5 billion authorized to assist farmers and ranchers hit by the effects of the coronavirus.
Rural hospitals were already struggling to stay open before the COVID-19 pandemic struck. Now, many face escalated closures due to the stoppage of elective surgeries, skyrocketing prices of personal protective equipment (PPE) and what some say amounts to being overlooked in the recently passed recovery bill.
Social distancing may be a crucial step to help limit the spread of the coronavirus, but the lack of high-speed internet in rural areas to conduct classes, run small businesses, or practice telemedicine could have dire financial consequences if the pandemic lasts months.
Producers are expected to plant 7.29 million more corn acres, 7.6 million more soybean acres, and 451,000 fewer wheat acres this year, according to USDA’s Prospective Plantings report released Tuesday.