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Wednesday, August 12, 2020

CFAP Payouts Just Over $7 Billion But USDA Will Make Rest of Payments Now

Payments under the Coronavirus Food Assistance Program (CFAP) total $7.04 billion as of August 10, still short of half of what USDA estimated to be the initial payments based on 80% of the total projected payments.

Just over half of total payments made so far have gone to livestock – $3.54 billion – including $3.07 billion for cattle. Payments to non-specialty crop producers are at $1.85 billion with $1.33 billion for dairy. Specialty crop payments are at $305.6 million, 4.34% of total payments.

But late Tuesday, USDA announced that it will now make the remaining 20% payments to those who have already received the payments and that it would make 100% to new producers enrolling for the aid. Plus, the signup deadline is now pushed back to September 11 from an original August 28.

USDA also added several more commodities to the program, mostly specialty crops, with all sheep now eligible.