Peterson wants tighter leash on farm stimulus money
Story Date: 4/30/2020

 

Source: POLITICO'S MORNING AGRICULTURE, 4/29/20

While lawmakers on both sides of the aisle are clamoring for another infusion of agricultural aid — and to do away with payment restrictions in the first batch — Peterson wants more strings attached to the next round of farm relief funding, Liz reports.

"I am not giving the CCC or the secretary any money unless we have a say about how it's spent," he told reporters on Tuesday, referring to USDA's Commodity Credit Corporation, a Depression-era agency set up to help stabilize the farm economy.

How we got here: In the $2 trillion coronavirus relief bill last month, Congress gave USDA an extra $23 billion in spending authority to help struggling ag producers, with few directions for how or where to disperse the funds.

— Perdue in mid-April released details of an initial $19 billion rescue package, but lawmakers, farm groups and Perdue himself said there wasn't nearly enough money to go around.

— Now, senators and House members are asking Perdue to strip away the $125,000-per-commodity, $250,000-per-farmer payment caps before finalizing the aid package. They also want to add $50 billion to USDA's arsenal in the next stimulus package that Congress is expected to pass in the weeks ahead.

Peterson agreed that farmers need more aid, but he's advocating for Congress to put its stamp on where the money should go this time around. The only guidance lawmakers included in the previous stimulus package was to assist livestock and dairy farmers, specialty crop growers and producers who sell to local food systems like farmers markets, i.e. some of the hardest hit sectors of agriculture.

























   Copyright © 2007 North Carolina Agribusiness Council, Inc. All Rights Reserved.
   All use of this Website is subject to our
Terms of Use Agreement and our Privacy Policy.