Source: Jacqui Fatka, FARM PROGRESS, 2/9/21


Around 60,000 borrowers were approved for more than $5 billion in forgivable loans during the first week of the reopened Paycheck Protection Program, according to the Small Business Administration. However, many farmers have been reluctant to use PPP this round due to the requirement to prove a 25% loss. Sens. John Thune, R-SD, and Tammy Baldwin, D-Wisc., urged the U.S. Department of Treasury and SBA to issue guidance excluding Coronavirus Food Assistance Program payments from farmers’...

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