Rural Money: Will farmers see the remaining $400 million in ERP Phase Two payments promised by the USDA?

Agriculture Accounting Expert Paul Neiffer joined us Friday on Market Day Report to take a further look.

Emergency Relief Program (ERP) Phase Two payments currently total $768 million. However, the U.S. Department of Agriculture (USDA) announced that it would pay out more than $1 billion by September 30.

The discrepancy is leaving many farmers wondering: where are those additional funds?

Agriculture Accounting Expert Paul Neiffer joined us on Friday on the Market Day Report to take a further look at ERP Phase Two, which he said has not been well received by farmers.

Related Stories
Income support helps, but farm finances remain tight heading into 2026.
Nationwide highlights expanded insurance options for cattle operations and their company initiatives to promote grain bin safety and support women in agriculture.
Federal assistance has helped, but the most recent row-crop losses remain on producers’ balance sheets.
Danny Munch of the American Farm Bureau joined us to discuss USDA’s latest farm income forecast, revisions to prior estimates, and what the updated data means for farmers heading into 2026.
More flexible export financing could strengthen demand in emerging markets and support higher U.S. agricultural exports.
Jeramy Stephens of National Land Realty breaks down current trends in the farmland real estate market and how landowners should consider water availability and its impact on land values as they plan for the year ahead.

LATEST STORIES BY THIS AUTHOR:

Dairy farmers are expected to face strong output and export gains, but lower prices and tighter margins will persist into next year.
RFD-TV Markets Expert Tony St. James breaks down the state of agribusiness and harvest progress across each region of the United States for the week of Monday, September 22, 2025.
With the latest detection just across the border, animal health officials on both sides are intensifying efforts to contain the outbreak before it spreads further north.
The USDA NASS report also confirms lower August placements.
Producers and processors should watch trade policy closely as tariff impacts ripple through seafood markets.
While symbolic, the WTO’s youth hackathon reflects growing calls for creative approaches to food trade and security, with potential implications for reducing losses, expanding biofuel markets, and stabilizing grain flows.