USDA Issues Second Economic Assistance Payment To Agricultural Producers
The U.S. Department of Agriculture (USDA) is issuing a second Emergency Commodity Assistance Program (ECAP) payment to eligible producers for the 2024 crop year. Of the authorized $10 billion in ECAP assistance, USDA’s Farm Service Agency (FSA) has already provided over $8 billion in payments to eligible producers to mitigate the impacts of increased input costs and falling commodity prices. U.S. Secretary of Agriculture Brooke Rollins made the announcement yesterday at the Ag Outlook Forum in Kansas City.