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
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.
Modest rate relief may come late in 2026, but borrowing costs are likely to stay elevated.
U.S. Senator Roger Marshall of Kansas discusses expected changes to the 45Z tax credit and what they could mean for agriculture and rural America.
Clearer 45Z rules favor U.S. oilseeds, but final RFS volumes remain critical to locking in demand.
The biggest development of 2025 in agricultural law and taxation was the signing into law on July 4 of the Trump Administration’s landmark legislation, the “One Big Beautiful Bill” Act (OBBBA)
Falling livestock prices, combined with higher input costs, continue to squeeze farm profitability heading into 2026.

LATEST STORIES BY THIS AUTHOR:

Kip Eideberg with the Association of Equipment Manufacturers details its campaign spotlighting the people who build equipment vital to farming and food manufacturing.
Buzzard discusses her upcoming appearance on the Dirt Diaries podcast with host Kirbe Schnoor and the importance of sharing authentic stories about agriculture.
Dr. Jeffrey Gold, President of the University of Nebraska, joined us to break down what telehealth entails and which conditions can be managed through remote appointments.
Improved export prospects and higher crop prices strengthened future expectations despite continued caution about spending.
While the agriculture industry hoped details on proposed “bridge” payments for farmers would be released this week, Ag Secretary Brook Rollins said the USDA is still working with the White House on the finer points.
Federal lawyers submitted a brief this week backing Bayer’s argument that federal laws governing herbicides like Roundup should prevent lawsuits over the popular chemical.