The Paycheck Protection for Producers Act (H.R. 7175, S. 3918), which was recently introduced in the U.S. House and Senate, would help more farmers and ranchers participate in the Paycheck Protection Program.
“Even as the economy gradually begins to reopen, farmers and ranchers continue to encounter enormous volatility as markets and supply chains rapidly react to the impact of the pandemic,” American Farm Bureau Federation President Zippy Duvall said in a letter thanking the bills’ sponsors.
While the PPP is providing vital assistance to farmers and ranchers who were able to receive loans, significant changes are necessary to allow many others to fully participate in the program, Duvall noted.
Noted and for more information click on the link below: