Source: FARM PROGRESS, 8/20/20


Farmers aren’t the only ones hoping for another round of Coronavirus Food Assistance Program (CFAP) direct payments. Bankers stand to be the largest beneficiary of a second helping of CFAP relief, according to our most recent Farm Futures survey. In a mid-July 2020 poll of 1,044 respondents, farmers say they will likely use CFAP payments to pay down long-term debt as opposed to spending the aid on operational investments like more expensive inputs, updating equipment, or increasing cash rent bids.

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