Tractor cultivating field at spring

Coronavirus Food Assistance Program Available to Affected Farmers and Ranchers

On April 17, USDA Secretary Sonny Perdue introduced the Coronavirus Food Assistance Program (CFAP), which uses funding from the CARES Act and other USDA authorities to provide $19 billion in relief funding. This program will support producers of agricultural commodities who have suffered due to COVID-19.

Eligible commodities include non-specialty crops (such as corn, soybeans, and durum wheat), wool, livestock (including cattle), dairy, and specialty crops (including some fruits, vegetables, and nuts). The program will also consider additional crops and is collecting information, particularly for commodities including nursery products, aquaculture products, and cut flowers.

USDA’s Farm Service Agency will begin accepting applications on May 26. Eligible producers must meet specific criteria, available at https://www.farmers.gov/cfap. Starting on May 26, potential applicants should contact their FSA county office to schedule a telephone appointment.

For additional information about the program, visit https://www.farmers.gov/cfap, which includes additional information and a webinar on the program. To discuss additional relief options that may be available for your business, contact your HBK advisor.

About the Author(s)
Amy Reynallt is a Manager with the HBK Manufacturing Solutions Group in the Youngstown, Ohio office of HBK CPAs & Consultants. She is experienced in navigating the strategic and financial matters associated with manufacturing and works closely with manufacturers to help them plan, execute, and meet their short- and long-term financial goals.
Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.

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