USDA Releases Payment Data for CFAP2
USDA today provided the first peek into how payments are shaking out under the Coronavirus Food Assistance Program, or CFAP2. Late last month the administration announced details of the $14-billion-dollar program that will provide direct payments to farmers and ranchers to partially offset COVID-19-related losses. Sign-up for CFAP2 began on Sept. 21 and ends Dec. 11; producers can sign up through USDA’s Farm Service Agency county offices. CFAP2 payments will be broken into three categories: price trigger commodities, flat-rate commodities and sales commodities. Today we get to examine the first few weeks of payments, which, according to USDA data, total nearly $2 billion as of Oct.