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
The Mosaic Company’s Keith Byerly shares smart input investment strategies, fertilizer considerations, and ways growers can manage risk heading into the 2026 growing season.
The Midwest event will feature hundreds of horses and offer nationwide bidding access to participants
Nebraska Cattle Rancher Joe Van Newkirk shares his firsthand insight on devastating wildfires in the Sandhills, discusses challenges facing ranchers, long-term calf health concerns, and the recovery efforts underway.
Farm CPA Paul Neiffer explains the updates to crop insurance subsidies, additional benefits for new farmers, and eligibility considerations for those entering the program.
Bryan Combs with USDA’s National Agricultural Statistics Service breaks down new farmland data from the TOTAL survey, highlights key findings, and potential impacts for the ag sector. ASFMRA’s David Klein also shares how those trends are reflected in the current farmland market, especially in the Midwest.
Land values remain key to borrowing strength.

LATEST STORIES BY THIS AUTHOR:

Midland County Junior Livestock Show in West Texas features swine competition with top exhibitors, including Grand Champion Brinley Wilson, ahead of Saturday’s premium sale.
Rep. Erin Houchin of Indiana discusses how the Affordable Homes Act will benefit rural communities, and her broader efforts to improve access to affordable housing.
Iowa Secretary of Agriculture Mike Naig discusses market conditions, policy priorities, and his outlook for agriculture moving forward.
NEFB President Mark McHargue recaps the Farm Bureau’s Annual Convention, producer sentiment in Nebraska, and discusses key issues facing agriculture.
Congressman Dusty Johnson of South Dakota joined us to discuss key ag policy developments and his outlook for agriculture in 2026.
House Agriculture Committee Democrats are calling for action on the Farm and Family Relief Act, warning that proposed SNAP cost shifts to states could reduce food assistance for low-income families amid ongoing tariffs and trade disruptions that continue to strain U.S. farmers.