Ag Chat with Bob Bosold- May 21

Published: May. 21, 2020 at 8:05 AM CDT
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Governor Tony Evers made the farming community around the state a little happier yesterday. That's because he designated $50 million of the $2 billion in federal money coming into the state as direct aid for farmers. And he is also putting up another $15 million into a Food Security initiative. As of yet we haven't seen any plan on how the money will be distributed to farmers but we do know farmers will need to apply for that money through the Department of Revenue with the first checks going out as early as June.

Farm Service Agency offices around the country are gearing up for the rush of applications for farmers for the latest aid program from the federal government. And now we have more of the details. Starting next Tuesday farmers can apply for their share of the $16 billion in direct payments. The payment breakdown shows $9.6 billion going to livestock producers with the cattle industry getting $5.1 billion, dairy 2.9 and hog farmers splitting $1.6 billion. For dairy farmers, payments will total $6.18 per hundredweight for eligible producers. The first checks are scheduled to go out the first week of June.

It now looks like some rural electric cooperatives will be able to apply for funds under the Payroll Protection Program. Earlier this week the Small Business Administration published an update on the program in the Federal Register that clears up some of the misconceptions over the coops' involvement in the program. That update will cover any applications made by those coops through the end of June.

Now that the majority of the spring seeding is done, the National Agricultural Statistics Service will be contacting farmers over the next few weeks to see how much of each crop they planted as well as how much of those old crops they have stored on their farms. The June Agricultural Survey is a major report in determining this year's planted acreages as well as how big carryover stocks will be this year. Farmers can share their information online, by phone or by mail with results released on June 30th.

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