This dashboard tracks CFAP payments and functions by state, and is current as of July 27, 2020. Eligible farmers and ranchers will obtain one CFAP payment, drawn from two potential funding sources. The second funding supply makes use of the Commodity Credit Corporation Charter Act to compensate producers for $6.5 billion in losses due to on-going market disruptions. Commodities that did not suffer a 5 %-or-higher worth decline from mid-January 2020 to mid-April 2020 usually are not eligible for CFAP.
Producers who’ve already applied won’t be impacted by a payment rate decrease. USDA will begin accepting purposes for additional commodities on July thirteen, 2020. If a producer submitted a CFAP software for a beforehand ineligible commodity, and the applying was disapproved, the producer must submit a brand new CFAP application. Read the correction to the rule for up to date fee rates, and the Notice of Funding Availability for information … Read More