Source: Ellyn Ferguson, ROLL CALL, 4/17/20


Agricultural lenders see potential to ease growing financial pressures in farm country if Congress is willing to retool a now depleted forgivable loan program. Todd Van Hoose, CEO of the Farm Credit Council, said the Small Business Administration worked diligently to get financial institutions that are part of the Farm Credit System approved to participate in the Paycheck Protection Program. The program is designed to help small businesses meet payroll expenses while workers are idled in the effort to fight the COVID-19 pandemic.

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