Financial aid is now available for crop growers impacted by natural disasters. USDA has launched applications for Stage 1 of its Supplemental Disaster Relief Program (SDRP), providing assistance to those who suffered losses over the past two years.
American Farm Bureau Economist Danny Munch joined us on “Market Day Report” for a closer look.
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Supplemental Disaster Relief Program Stage Two will disburse around $16 billion, approved by Congress last year. Sign-ups begin Monday, and producers have until April to return applications.
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Only properly documented, unexhausted fertilizer applied by prior owners may qualify for Section 180 expensing; broader nutrient-based claims carry significant legal and tax risk.
