Gordley Associates, the policy consultants to the U.S. pulse industry prepared the following summary of the major provisions of the CARES Act Agriculture Provisions.
Coronavirus Assistance/Stimulus bill Provides Funding for Agriculture, USDA, Commodity Credit Corporation, and Food Programs
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides $9.5 billion in emergency COVID-19 response funding to support agricultural producers impacted by COVID-19, including producers of specialty crops, producers that supply local food systems, and livestock producers. The bill includes language that replenishes the Commodity Credit Corporation (CCC) borrowing authority by $14 billion.
- $450 million for Emergency Food Assistance.
- $14 billion to replenish the CCC which could be used for another MFP payment.
- $425 Million to boost federal agencies like APHIS, Inspection services, etc.