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Coronavirus Farm Relief Payment Resources

May 22, 2020

Agronomy, Crop Management, Grain, Market Update, Soybean, Technology

More details were released on how the $19 billion Coronavirus farm relief payments will be allocated. Sign-up will begin on May 26th with payments coming as soon as mid-June.

USDA will provide $16 billion in direct payments to farmers and ranchers including:

  • $9.6 billion for the livestock industry
    • $5.1 billion for cattle
    • $2.9 billion for dairy
    • $1.6 billion for hogs
  • $3.9 billion for row crop producers
  • $2.1 billion for specialty crops producers
  • $500 million for others crops

For non-specialty crops (grains/oilseeds), a single payment will be made based on 50% of the producer’s 2019 total production or the 2019 inventory as of Jan 15th, whichever is smaller. Please see payment rates below:

COVID Relief Fund Table

 

In addition to this, $14 billion was allocated to replenish the CCC. It is largely suspected that a large portion of these funds will be used for another MFP type payment. Total MFP payments were around $9.2b in 2019 and $5.2b in 2018. These funds will be available in July, with more details to come out in June.

Sources for more information:

https://www.hoeven.senate.gov/news/news-releases/hoeven-usda-releases-final-details-for-direct-assistance-to-farmers-and-ranchers-sign-up-to-start-may-26

https://www.farmers.gov/cfap