$16 billion in USDA aid now availableChristian Fernsby ▼ | May 27, 2020
Applications opened for $16 billion in U.S. Department of Agriculture financial support through the Coronavirus Food Assistance Program (CFAP) to help American farmers impacted by coronavirus.
USDA U.S. farm
“This USDA support is an important first step in helping American farmers recover from significant COVID-19 losses,” said Commissioner Fried. “As applications open today, I’m urging Florida’s farmers and ranchers to apply immediately, as these funds are limited and may be depleted quickly. Agricultural producers should contact their county Farm Service Agency office today and begin the application process.”
Eligibility: To be eligible, a person or legal entity must have an average adjusted gross income of less than $900,000 for tax years 2015, 2016, and 2017. If 75 percent of their adjusted gross income comes from farming, ranching, or forestry, the limit of $900,000 does not apply. Additional eligibility requirements are listed at farmers.gov/cfap.
Payment Limitations: Payments are subject to a per person and legal entity payment limit of $250,000. Corporations, limited liability companies, and limited partnerships (corporate entities) may receive up to $750,000 based on the number of shareholders (not to exceed three) who contribute at least 400 hours of active person management or personal active labor. For specific limits on corporate entity payments, click here.
Payment Structure: To ensure availability of funding through the application period, producers will receive 80 percent of their maximum total payment upon application approval. The remaining portion, not to exceed the limit, will be paid at a later date as funds remain available. ■