Farmers may Benefit from Additional Financial Assistance – Vegetable Crops Hotline

Farmers may Benefit from Additional Financial Assistance

The USDA is establishing new programs and efforts to bring financial assistance to farmers, ranchers and producers who felt the impact of COVID-19 market disruptions. The USDA Pandemic Assistance for Producers announced recently include: Investing $6 Billion to Expand Help & Assistance to More Producers; Adding $500 Million of New Funding to Existing Programs; Carrying Out Formula Payments under CFAP 1, CFAP 2, CFAP AA; Reopening CFAP 2 Sign-Up to Improve Access & Outreach to Underserved Producers. The USDA will re-open sign-up for of CFAP 2 for at least 60 days beginning on April 5, 2021. For more information about this announcement, please visit https://www.usda.gov/media/press-releases/2021/03/24/after-identifying-gaps-previous-aid-usda-announces-pandemicĀ 

Self-employed farmers may benefit from the Paycheck Protection Program. The application deadline is March 31. If you are interested, please look at this article published through Michigan State University Extension https://www.canr.msu.edu/news/farms-with-no-employees-can-still-benefit-from-the-paycheck-protection-programĀ 

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