On September 17, USDA Secretary Sonny Perdue announced an expansion of the Coronavirus Food Assistance Program, known as “CFAP 2,” following the first round of coronavirus assistance which opened in May 2020. Chris Laughton outlines eligibility for assistance under CFAP 2.
In the second of a two-part series, Farm Credit East tax specialist Dario Arezzo explains Farm Service Agency eligibility changes, specifically recent changes to USDA regulatory changes on the “Actively Engaged in Farming” definition.
The Coronavirus Aid, Relief, and Economic Security Act provides nearly $300 million to marine fisheries impacted by COVID-19. These funds will be administered by the National Oceanic and Atmospheric Administration. Read more to learn about funds and allocations.
The Paycheck Protection Flexibility Act was signed by the President on June 5 and grants more flexibility to borrowers seeking forgiveness of their PPP loans. Learn more about the Act’s extensions and adjustments.