The signup period for CFAP2, the additional Coronavirus Food Assistance Program relief, is underway. The signup period opened Monday and extends through December 11.
Producers interested in signing up can do so at Farm Service Agency county offices. A Market Intel analysis by the American Farm Bureau Federation details the CFAP2 provisions, which provides nearly $14 billion in relief to farmers and ranchers suffering losses or increased cost after April 15, stemming from the COVID-19 pandemic.
Of the $14 billion in CFAP2 support, USDA’s cost-benefit analysis estimates corn producers will receive $3.5 billion, or 25 percent of the total CFAP2 resources. Following corn, beef cattle producers are expected to receive $2.8 billion, or 20 percent of CFAP2 funding. Dairy farmers are expected to receive $2 billion, or 14 percent of the available support.
Hog producers are estimated to receive $1.7 billion or 12 percent of CFAP2. Soybean producers are estimated to receive $1.4 billion, or ten percent of the funds. Wheat, flat-rate crops, eggs and other commodities are expected to receive $2.5 billion, or 18 percent.
