Farmers won’t see coronavirus money until June as bankruptcies soar
CNNWashington CNN — Struggling farmers and ranchers, many of whom have seen their markets collapse as the pandemic upended supply chains, won’t see coronavirus relief money until June – about two months after Congress appropriated the funds. “This aid can’t arrive soon enough as many farmers file for bankruptcy, facing unprecedented losses,” said American Farm Bureau Federation President Zippy Duvall in a statement. “After several difficult years of trade disputes, depressed prices, and extreme weather, the agricultural economy was finally starting to recover,” said National Farmers Union President Rob Larew in a statement sent to CNN. But he added that now “it’s clear that this is going to be yet another bad year for family farmers and ranchers.” The timing of the aid program launch is in line with what the Department of Agriculture said last month when it first announced that it would be sending direct payments worth $16 billion to farmers hurt by the pandemic.
History of this topic
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