March 31, 2020
In late March, Congress passed a $2 trillion economic stimulus package that included a $14 billion replenishment to the U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation (CCC) authority and earmarked additional money for livestock and specialty crop producers as well as local agriculture. The additional spending authority allows for USDA to make additional Market Facilitation Program (MFP) payments this year. By comparison the 2019 MFP payments were authorized up to $14.5 billion and approximately $14.3… Read More