Last week, the USDA announced that it would provide $12 billion in one-time bridge payments to eligible farmers impacted by market disruptions and increased input costs. Although no guidance has yet provided details on the program, the press release provided the following key information.
$11 billion of the $12 billion will be used for the Farmer Bridge Assistance Program (FBA), which will provide one-time relief payments to farmers growing the following commodities: Barley, Chickpeas, Corn, Cotton, Lentils, Oats, Peanuts, Peas, Rice, Sorghum, Soybeans, Wheat, Canola, Crambe, Flax,…