What help is available to me now?

Funding has been allocated for the USDA’s Coronavirus Food Assistance Program. This $19 billion program consists of two parts: $16 billion in direct payments to producers. $3 billion in commodity purchases for food banks and other nonprofits, the “Food Box” program. The application process is open. Producers are encouraged to work with their county Farm Service Agency office to file their application (see contact information on the right side of this page.) Congress allocated an additional $60 billion to the EIDL loan program.

Farmers are now eligible for this funding. You must apply on the Small Business Administration’s website here.

The U.S. Department of Agriculture · USDA Loan Discovery Tool. This webpage will ask you several questions about what you are seeking a loan for and how much you want to borrow in order to match you with the right type of USDA loan for you.

SBA Economic Injury Disaster Loans. President Trump recently approved Texas’ application for a major disaster declaration, making small businesses in Texas eligible for the Economic Injury Disaster Loan (EIDL) program. Agriculture cooperatives are eligible for EIDL funding, but agricultural enterprises are not. These loans can be used to cover expenses for normal operations during a disaster. Business owners can borrow up to $2 million and the maximum interest rate on a loan is 4%.

What does the CARES Act mean for me? · The CARES Act provides an additional $9.5 billion to the USDA for loans and grants to producers through existing programs. Additionally, Tax Day has been changed from April 15 to July 15. Individual taxpayers and businesses will have this additional time to file and make payments without interest or penalties.

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