PPP Loans Provided Billions to U.S. Farm Sector in 2020

Dan Economy, This Land of Ours, USDA-ERS

How much pandemic help did farmers get? That’s coming up on This Land of Ours. Researchers at USDA’s Economic Research Service (ERS) estimate that the Paycheck Protection Program (PPP) provided $5.8 billion to the farm sector in 2020. The PPP was a non-USDA assistance program for small businesses adversely affected by the pandemic. Total Federal Government payments to the farm …

Crops Sector Received 65% of PPP Loans for Agriculture in 2020

Dan Economy, USDA-ERS

Information updated by USDA’s Economic Research Service Wednesday shows 65 percent of Paycheck Protection Program 2020 agriculture funds went crop farms, with the rest for livestock. Last year, farmers and ranchers could use forgivable loans from the program to help keep employees on payroll and offset some of their operating costs. The maximum PPP loan amount was 2.5 times the …

Farmers Gain Improved Access to Small Business Support as PPP Reopens

Dan Aquaculture, Cattle, Citrus, Corn, Cotton, Cover Crops, Dairy, Equine, Field Crops, Forestry, Fruits, Hemp, Herbs, Industry News Release, Livestock, Nursery Crops, Organic, Peanuts, Pecans, Pollinators, Pork, Poultry, Sheep-Goats, Soybeans, Specialty Crops, Sugar, Vegetables, Wheat

(NMPF) — The National Milk Producers Federation (NMPF) is pleased that farmers who run their operations as sole proprietors, independent contractors, or otherwise self-employed individuals will have newly expanded access as soon as today to the Paycheck Protection Program (PPP) under changes made in the COVID stimulus package Congress approved last month. Producers who were denied PPP loans or whose …

farm income

Commissioner Fried Encourages Florida Agriculture Businesses to Apply for Paycheck Protection Program

Dan Economy, Florida, Industry News Release

(FDACS) — Agriculture Commissioner Nikki Fried and the Florida Department of Agriculture and Consumer Services (FDACS) is advising agriculture producers, farmers, ranchers, and other agriculture-related businesses to apply for the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP). The program is part of the CARES Act, the $2 trillion federal coronavirus response package. “Florida agriculture is the backbone of our economy and a pillar of strength through …