Source: PROGRESSIVE FARMER, 2/16/21

Farmers largely missed out on the first round of Paycheck Protection Program loans, but a change in how calculations are made for farmers could result in more substantial payments. The first round tabulated payments based on farmers' net income, which is income after deductions and expenses. This number is often low or negative because of the amount of depreciation farmers claim on equipment. For 2021, farmers can use their gross income to apply.

For more of this story, click here.