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Wednesday, January 6, 2021

CFAP 2 Payments Top $13 Billion

USDA has now paid out $13.01 billion under the Coronavirus Food Assistance Program 2 (CFAP 2) as of January 3, including $6.17 billion in acreage-based payments, $3.4 billion for livestock, $2.22 billion for sales commodities, $1.17 billion for dairy and $54.0 million for eggs/broilers.

Payments for seven commodities have reached $500 million or more, including corn ($3.35 billion), cattle ($2.78 billion), sales commodities ($2.14 billion), soybeans ($1.29 billion), milk ($1.17 billion), wheat $703 million), and hogs/pigs ($532 million).

But attention is already shifting to the expected CFAP 3 effort that USDA will unveil soon as the agency sorts through the provisions in the COVID aid package approved by Congress back in December