News from the USDA about the Safety Net Program was released last week and we want to share that with you today. Income-over-feed margin for April triggers second payment for 2020 WASHINGTON, June 18, 2020 – The U.S. Department of Agriculture’s (USDA) Farm Service Agency (FSA) announces that Dairy Margin Coverage (DMC) safety-net signup for… Continue Reading
Archives for 2020
Know Your EIDL Options
You might be one of the 10,000 businesses per day being offered your final EIDL terms. We want you to remember that you are not required to take out the loan simply because you were approved. The power of choice is still yours. Rest assured the [up to] $10,000 loan advance you received after your… Continue Reading
EIDL Accepting Applications
The SBA is once again accepting applications for ag, non-ag businesses, and certain non-profits, as of June 15th for the Economic Injury Disaster Loans (EIDL). The program designed to help businesses through the COVID-19 pandemic had only allowed agricultural businesses to apply over the last 6 weeks. This left some out in the cold. Early… Continue Reading
PPP and the Senate’s Success
PPP and the Senate’s Success! In the latest news of PPP happenings, the Senate passed HB 7010 with a whole lot of goodies for borrowers on its way to the President’s desk. Extended Window of Reporting Borrowers who have already taken out their loan will now have the option to elect 8 or 24 weeks… Continue Reading
Options in Personal Finances during COVID – Provisions for the People
COVID did a number on business finances, which seep into personal finances. Most of us have heard about the $600 unemployment bump and the $1200 stimulus checks meant to help individuals. Even if we are not feeling distress, we should be aware of all the options available to us to improve our financial situations. IRA… Continue Reading
Higher Blends Infrastructure Incentive Program (HBIIP)
In 2020, USDA launched the Higher Blends Infrastructure Incentive Program (HBIIP); this program made $100 million in grants for activities designed to increase the sales and use of higher blends of ethanol and biodiesel. On April 13th, 2022, it was announced that another $100 million in new funding would be opened for applications later this… Continue Reading
