USDA not on track with CFAP
Economist say that the USDA may not be on track to give out the full $16 billion dollars allocated by the Coronavirus Food Assistance Program.
So far the agency has distributed just over $6.5 billion dollars. Even with the CFAP payments, the University of Missouri’s Food and Agricultural Policy Research Institute says that farm income will still show a net loss this year.
As of Monday, livestock producers received just over half of the payments totaling more than $3.3 billion.
Non-specialty crop farmers take in more than 26 percent of the funding at $1.7 billion dollars and dairy producers net almost 20 percent, a little more than $1.2 billion dollars.