While producers have until the end of August to sign up for Coronavirus Food Assistance Program payments, only $7 billion has been awarded to 521,853 applications as of August 10. That falls shy of the $9.5 billion allocated by the United States Department of Agriculture (USDA) for direct support to agriculture producers.

Of the allocated amount, dairy farmers have received $1.3 billion or 19% of the designated amount, which has been distributed to 22,642 farms (66% of all U.S. dairies). Leading the way in dairy aid has been Wisconsin, which received $263 million for 5,665 dairies. Following was California with $196 million (941 farms) and New York with $128 million (2,492 farms).

Beyond dairy

When all commodities are considered, Iowa ($714 million) has received the most funding followed by Nebraska ($509 million) and Minnesota ($443 million). Cattle producers received the most aid at $3 billion.

Dairy followed with the aforementioned $1.3 billion in support. Corn received $1.25 billion to round out the commodities given more than a billion dollars in support. After that, hogs ($442 million) and soybeans ($356 million) rounded out the top five.

The USDA Farm Service Agency (FSA) will accept applications through August 28, 2020. Producers whose applications have been approved received 80% of their maximum total payment. The remaining portion, not to exceed the payment limit, will be paid at a later date as funds remain available.

To comment, email your remarks to intel@hoards.com.
(c) Hoard's Dairyman Intel 2020
August 13, 2020
Subscribe to Hoard's Dairyman Intel by clicking the button below

-