The Coronavirus Food Assistance Program is partially funded by the Commodity Credit Corporation. The CCC will be receiving another $14 billion in July and those funds could be available for more coronavirus relief. “I was able to appropriate about $23.5 billion and this current package is $19 billion. Some of the money doesn’t hit the account until July,” said John Hoeven, chair, Senate Agriculture Appropriations. “This is important and a good chunk of the money. I told the USDA to use as much of the CCC funding and the funding from the CARES Act that we could.” In addition to the coronavirus aid package, Hoeven also said quality loss adjustments are coming for farmers and ranchers likely in June.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.