The COVID-19 Pandemic affects more of the country on a daily basis, forcing the closure or slowdown of packing plants, and impacting producer’s bottom lines. Here’s the latest around the beef industry.
The Coronavirus Food Assistance Program (CFAP) opened up for applications on May 26, 2020 and ends August 28, 2020. If you have not put in your application for eligible livestock, do not delay further.
NCBA says it will continue to push Capitol Hill for additional resources for cow-calf producers, backgrounders, and all other segments of the industry who may not sufficiently benefit from CFAP in its current form.
The beef cattle industry will receive $5.1 billion of CFAP funding to partially offset 2020 losses due to COVID-19. USDA expects to begin sign-up in early May and distribute payments by late May or early June.
Sen. John Hoven (R-N.D.), Chairman of the Senate Ag Appropriations Committee, Sunday announced that he secured $50 billion in funding authority for USDA in the still pending Phase 3 Covid-19 response legislation.