Round 2 of USDA Direct Assistance to Farmers & Ranchers Impacted by the Coronavirus
President Donald J. Trump and U.S. Secretary of Agriculture Sonny Perdue today announced up to an additional $14 billion for agricultural producers who continue to face market disruptions and associated costs because of COVID-19.
LINK - USDA Press Release
Sign-up period:
Start Date: Monday, Sept. 21st, 2020
Deadline: Friday, Dec. 11th, 2020
Row Crops
LINK - CFAP website for Row Crops
Eligible Crops: CORN, SOYBEANS, WHEAT, alfalfa, oats, rye, sorghum, and many more.
Eligible Acres: 2020 planted acres of the crop
excluding prevented planting and experimental acres
Payment = Eligible Acres X the GREATER OF:
$15 /ac acre; OR
(a nationwide crop marketing percentage) X (a crop-specific payment rate) X (your 2020 weighted avg. crop ins. APH approved yield)
Payment Examples:
Corn - assuming a 170 bu/ac weighted avg. APH
40% x 58 c/bu = 23.2 c/bu x 170 bu/ac APH = $39.44 /ac
Soybeans - assuming a 55 bu/ac weighted avg. APH
54% x 58 c/bu = 31.32 c/bu x 55 bu/ac APH = $17.22 /ac
Table of Payment Factors by Crop
Marketing Percentage and Payment Rate
Other INFO:
If the APH is not available, 85 percent of the weighted 2019 Agriculture Risk Coverage-County Option (ARC-CO) benchmark yield for that crop will be used.
Livestock
LINK - CFAP website for Livestock