Paycheck Protection Program | Red River Farm Network

Farmers are Eligible for the Second Paycheck Protection Program

Published March 31, 2021

Bell Bank Senior Vice President for Agribusiness Development Lynn Paulson says Northern Plains farmers have interest in the Paycheck Protection Program. "Overall, I think there's still a benefit. Farmers may be eligible and should check with their lender or tax…

Congress Extends PPP Deadline

Published March 29, 2021

Legislation extending the Paycheck Protection Program signup deadline to the end of May is awaiting President Biden’s signature. There were early misconceptions about who qualifies for PPP, but that has changed. First State Bank Market President Tom Capouch says there…

More Time to Sign Up for PPP

Published March 26, 2021

President Joe Biden is expected to sign legislation to extend the deadline for enrollment in the Paycheck Protection Program from March 31 to May 31. At this point, only four percent of PPP loan funding has gone to the agriculture…

Minnesota Lawmakers Work Through the Budget

Published March 21, 2021

The state budget is a primary focus for Minnesota lawmakers this session. Last week, Governor Tim Walz released revised budget recommendations. Representative John Burkel says the agriculture budget is in a good place. "The only concerning thing I see in…

Senators Seek PPP Clarifications

Published February 22, 2021

A group of Senators have sent a letter to the U.S. Department of Treasury and the Small Business Administration asking for clarification if farmers and ranchers are eligible for Paycheck Protection Program loans. According to Senator John Hoeven, operations organized…

Give the Paycheck Protection Program Another Look

Published February 17, 2021

Sign-up is open for the Paycheck Protection Program. MinnStar Bank Farm Management Analyst Kent Thiesse says if farmers did not qualify for the first round, the program may be worth revisiting. "Now, farmers can use line nine on the Schedule…

More Paycheck Protection Program Benefits

Published December 22, 2020

The latest COVID-19 relief package provides $284.5 billion to reopen and strengthen the Paycheck Protection Program for first time and second time borrowers. PPP loans are reserved for businesses with fewer than 300 employees that sustained a 25 percent loss…

Agriculture Receives $13 Billion in Coronavirus Relief

Published December 21, 2020

After a lengthy weekend session, Congress will vote today on legislation to fund the government and deliver coronavirus assistance. The $908 billion COVID-19 package includes $13 billion for agriculture. Crop farmers will receive a supplemental $20 per acre Coronavirus Food…

Thune Seeks to Extend PPP Benefits to More Farmers

Published June 12, 2020

South Dakota Senator John Thune went to the floor Thursday to highlight the need for continued agricultural support. Thune has offered legislation to allow more farmers and ranchers to benefit from the Paycheck Protection Program. This program provides loans to…

President Trump Signs PPP Flexibility Act

Published June 5, 2020

President Trump signed the bipartisan Paycheck Protection Program Flexibility Act on Friday. The bill makes changes to the small business loan program, providing greater flexibility for loan forgiveness.

Articles tagged under: Paycheck Protection Program

Farmers are Eligible for the Second Paycheck Protection Program

Congress Extends PPP Deadline

More Time to Sign Up for PPP

Minnesota Lawmakers Work Through the Budget

Senators Seek PPP Clarifications

Give the Paycheck Protection Program Another Look

More Paycheck Protection Program Benefits

Agriculture Receives $13 Billion in Coronavirus Relief

Thune Seeks to Extend PPP Benefits to More Farmers

President Trump Signs PPP Flexibility Act

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