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:

The new WOTUS proposal narrows federal jurisdiction, restores key agricultural exclusions, and gives farmers clearer permitting rules after years of regulatory uncertainty.
UMN Extension’s Emily Krekelberg outlines today’s top farm stressors, key signs of mental health distress in rural communities, and the resources available for support.
National Pork Board Chief Sustainability Officer Jamie Burr shares a closer look at the Pork Checkoff’s Pork Cares Farm Impact Report, a research program to increase trust in the pork supply chain.
Brooks York with Agrisompo joined us on Monday’s Market Day Report with some guidance on how producers can navigate their crop insurance claims for unsold grain crops.
For many farm businesses, property taxes on business assets have become a significant and highly visible expense, threatening liquidity, discouraging investment, and creating a disproportionate burden when compared to other industries.
Ethanol markets remain mixed — weaker production and blend rates are being partially balanced by stronger exports as winter demand patterns take shape.