Source: UNIV. OF ILLINOIS, FARM DOC DAILY, 1/15/21

On December 27, 2020, the Consolidated Appropriations Act (CAA) of 2021 was signed into law.  There were many items in this legislation that affected farmers.  There were changes to the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL) advance grants, and Employee Retention Credit (ERC), as well as, additions or extensions to other Farm Service Agency (FSA) programs. We will give an overview of the changes to the first three items in this article.  For all of these programs, we are only explaining the new changes or additions.  The original rules for PPP loans, EIDL Advances and ERC still apply that were not explicitly changed in CAA 2021.

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