The USDA is on a deadline to spend $14 billion made available for agriculture in the CARES Act. Once September 30 arrives, North Dakota Senator John Hoeven said Commodity Credit Corporation funds will be replenished for a new fiscal year and this additional $14 billion could go away. Hoeven asked local farm groups for feedback on how to spend the money in a roundtable discussion on Friday. “We want that money delivered to farmers and we’re working with the agency to make sure it gets out while we work on what may or may not transpire in a new COVID-19 relief bill,” said Hoeven. “There’s the current Coronavirus Food Assistance Program happening and USDA also working hard on the $14 billion. Then, we’ll see what happens in terms of more COVID-19 relief and we’ll see what’s left of the $16.5 billion for CFAP.” USDA Deputy Administrator for Farm Programs Bill Beam was also part of the virtual discussion.
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