Beef Buzz News
Cattle Producers to Finally Receive Payments From First Round of CFAP
Thu, 25 Mar 2021 08:04:43 CDT
Cattle producers hurt the most by the pandemic last spring will finally get some relief as announced this week by USDA Sec. Tom Vilsack.
Ron Hays Beef Buzzes With Tom Vilsack and Ethan Lane
On today’s Beef Buzz, Radio Oklahoma Ag Network Farm Director explores the latest developments.
One year ago, as the pandemic was severely impacting everything from the farm to the fork, the federal government took steps to address the economic losses to cattle producers with the Coronavirus Food Assistance Program.
At that time the USDA chief was Sonny Perdue and he admitted there were not enough funds to help producers who sold cattle after mid-April.
Adjustments were made and Congress eventually passed legislation in late December to address most of the losses.
Fast forward to the Biden Administration and on Wednesday, USDA Ag Sec. Tom Vilsack said payments under that first round of CFAP will be made to about 410,000 cattle producers amounting to $1.1 billion dollars.
Producers do not have to submit a new application.
Rates for these producers can be found by clicking here.
As an example, lightweight feeder calves, less than 600 pounds, the payment would be $7 per head and feeder cattle weighing more than 600 pounds, the rate would be $25.50 each.
Last month during the NCBA winter policy conference, Ethan Lane, vice president of government affairs for NCBA, explained the process.
That year end package targeted producers in that April 15 to May 15 bubble that left producers with the worse losses from the pandemic, Lane said.
Those funds were dictated in a specific formula by Congress to USDA. This will require a new rulemaking process in order to spend that money, Lane said.
Click on the LISTEN BAR below to hear more about the CFAP payments on today’s Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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