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
Rural population growth supports long-term stability of the ag workforce.
Farm Credit’s Christy Seyfert joined us to discuss the ag industry’s push for swift Farm Bill action as it heads toward a House vote.
Bridge payments are helping, but many producers still face losses and tight margins. AEM’s Curt Blades joins us to discuss how the current farm economy is pressuring equipment demand.
Feed demand and premiums drive growth for the crop
Purdue economist Dr. Joana Colussi discussed the U.S. and Brazil’s reliance on imported fertilizers and their impact on global food security amid rising input costs.
Paul Neiffer outlines the requirements and when the change takes effect

LATEST STORIES BY THIS AUTHOR:

In his latest Firm to Farm blog post, Ag Legal & Taxation Expert Roger McEowen examines contracts, insurance, and property rights and how those legal processes can impact your farm or ranch operation.
Meet FarmHER Stephanie Stade Townsend, part of the second generation on Stade’s Farm & Market in McHenry, Illinois. The popular agritourism spot outside Chicago offers carnival attractions alongside their classic farmer’s market and u-pick produce and flower farm!
FarmHER and expectant mother Stephanie Stade-Townsend showcases her family’s thriving agritourism destination just outside Chicago.
The IRS recently issued its 2024 guidance on the extended replacement period for drought (and other weather-related) livestock sales. RFD-TV Ag Legal & Tax expert Roger McEowen discusses the IRS’ extension of the replacement period for livestock sold due to weather-related conditions.