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Slow Pace of CFAP Payments by USDA

 07/29/2020

The American Farm Bureau estimates that the USDA has made $6.2 billion in payments from the pool of $16 billion assigned for the Coronavirus Food and Agriculture Program (CFAP).  Payments to date include $2.7 billion to cattle producers, $1.3 billion for dairy and $1.3 billion for corn farmers.

 

Delay in distributing funds to will reduce overall farm income for 2020 according to various agricultural economists.
Sec. Ag. Dr. Sonny Perdue