Senate Finance Committee Chairman Chuck Grassley, R-Iowa, said this week he will put to get the Responding to Epidemic Losses and Investing in the Economic Future (RELIEF) for Producers Act of 2020 to be included in the next stimulus plan.
It would provide aid to producers forced to euthanize livestock due to lack of access to processing facilities, calculating the value based on the national average market value between March 1 and the date of enactment. The reimbursement would be calculated for a 30-day period starting from the date of initial depopulation. Producers would get 85% of the value of their loss, and the value of losses would be reduced by 10% each 30-day period after that.
The plan has also been backed by some House members.
Meanwhile, the White House and Senate Majority Leader Mitch McConnell, R-Ky., are both talking of wrapping up another COVID aid plan before the August congressional recess.
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