USDA has released the details of its Coronavirus Food Assistance Program (CFAP), the $16 billion COVID-19 relief package for agriculture and, upon reviewing those details, the American Soybean Association (ASA) is pleased that soybeans are included, as well as livestock, a top customer for soy.
ASA President Bill Gordon, soy grower from Worthington, MN, said, “We are very pleased that livestock producers are getting much-needed relief. Soybean farmers stand with our livestock producers, so this is both needed help for us and welcomed news for our friends in livestock.”
Payments will be available for eligible producers who have suffered a 5% or greater price decline from mid-January to mid-April 2020 because of the COVID-19 pandemic, and who are facing increased marketing costs for inventories. That assistance includes livestock producers who have an ownership interest in eligible livestock that have suffered a 5% or greater price decline as a result of the COVID-19 pandemic and face additional significant costs in marketing their inventories due to unexpected surplus and disrupted markets.
Producers of soybeans and other eligible commodities will be able to apply for assistance beginning May 26 through their local Farm Service Agency (FSA) Service Center.
The text of the following statement was released by the Governments of the Republic of Korea and Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, Norway, Sweden, the United…
View ArticleThe Transportation Intermediaries Association (TIA) - the only organization exclusively representing transportation intermediaries of all disciplines doing business in domestic and international commerce –announces the successful passage of S. 794,…
View ArticleThe Committee, chaired by Assistant United States Trade Representative for Environment and Natural Resources Kelly Milton, exchanged views and priorities regarding trade and environment policies, including addressing the climate crisis,…
View ArticleThe Biden administration is moving to curb low-value shipments entering the US duty-free under the $800 ‘de minimis’ threshold, which it says has been abused by Chinese e-commerce platforms such…
View ArticleIndustry updates and weekly newsletter direct to your inbox!