The Department of Agriculture announced final pandemic assistance payments for the timber industry starting next week. USDA will provide $200 million through the Pandemic Assistance for Timber Harvesters and Haulers to loggers and log trucking businesses. The funds are for businesses that experienced a gross revenue loss of at least ten percent between January 1 and December 1, 2020, compared to the same period in 2019. Eligible applicants must have derived at least 50 percent of total gross revenue from timber harvesting or timber hauling. The Farm Service Agency issued initial payments up to $2,000 as applications were approved. Based on the number of actual applications filed, FSA lowered the payment limitation for the program from $125,000 to $75,000 and applied a payment factor of 70.5 percent across all calculated payments to ensure program costs do not exceed the available funding. The provisions were previously outlined in the Notice of Funding Availability in the event the revenue loss reported exceeded available funding.
Welcome
