Farm aid tops $4B
Story Date: 6/24/2020

 

Source:POLITICO'S MORNING AGRICULTURE, 6/23/20

USDA has paid just over $4 billion in direct payments to farmers and ranchers stung by the coronavirus pandemic and supply chain disruptions, since launching the $16 billion stimulus program at the end of May. More than 10 percent of the money has gone to Iowa farmers, the most of any state. 

Half of the funds went to livestock producers, while growers of corn, soybeans and other non-specialty crops received just over $1 billion. Dairy farmers got about $900 million, while growers of fruits, nuts and vegetables received about $84 million, according to USDA’s weekly update.

Of course, out of the 250,000 producers that have received payments, the vast majority are livestock producers and/or row crop growers, while only 2,253 were specialty crop growers.

























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