Additional Details on Key Disaster, Economic Assistance Funds Expected in Coming Weeks
As reported in our notes to you in late December, Congress passed and the President signed into law a measure dubbed the American Relief Act which contains roughly $31 billion in assistance for producers, including $21 billion for production loss assistance for 2023 and 2024 calendar years, and $10 billion in economic assistance for 2024 crop year losses. As additional details take shape on how these funds will ultimately be distributed, we have compiled high-level summaries of some of the key provisions that may be of assistance to you. To access the Farm ACT payments click here and to access the how the economic assistance will potentially work click here.