FERN points out that COVID-19 payment limit is $750,000
In an analysis released today, the Food and Environment Reporting Network noted that the top payment limit for the Coronavirus Food Assistance Program is $750,000.
FERN wrote, “The Trump administration modified its $16 billion coronavirus aid program for agriculture so it will be easier for farmers, particularly livestock producers and specialty crop growers who complained of inadequate support, to collect larger payments, to a maximum of $250,000 per person or $750,000 for corporate entities.
“Cattle and hog farmers, joined by allies in Congress, were among the most vocal in calling for the administration to alter its proposed limits of $125,000 per commodity and a total of $250,000 per farmer of entity. Thin profit margins require operators to produce large numbers of livestock or make huge investments in fruit and vegetable farms to make a living, they argued in seeking more generous rules. Most producers specialize in one type of livestock, so the effective limit would be $125,000, they said.
“In the package unveiled by Trump, the payment limit is $250,000 per person for all eligible commodities and $750,000 for payments to limited partnerships, corporations and limited liability companies. Up to three shareholders in the corporate entities are eligible for payments of $250,000 each if they contribute at least 400 hours a year in management or labor. So long as operators make at least 75% of their adjusted gross income from agriculture, there is no income barrier to applicants.”
Support Local Journalism
Readers like you make the Fence Post’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User