Funding for the Commodity Credit Corporation (CCC) and potentially increasing the USDA’s borrowing authority for CCC remains an issue in the efforts to put together a third COVID-19 aid package.
The proposal that has been in the initial Senate plan would refund the CCC back to $30 billion and add $20 billion in additional borrowing authority.
That is being eyed as a way for USDA to address impacts that have been seen in the ag industry from the COVID-19 situation, particularly for cattle producers.
The COVID aid plan generated by House Democrats lacks the CCC refunding and increase in the borrowing authority.
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