Paycheck Protection Program

Wolff: COVID Relief Bill Will Benefit Farmers In Several Ways
Wolff: COVID Relief Bill Will Benefit Farmers In Several Ways
Wolff: COVID Relief Bill Will Benefit Farmers In Several Ways
The American Farm Bureau Federation said the recently signed Coronavirus aid package includes important benefits for farmers nationwide, specifically changes to the Paycheck Protection Program. Pat Wolff, senior director of congressional relations with the American Farm Bureau, said PPP was designed by Congress to help small businesses stay open and keep their employees on the payroll ... Read Mo
AFBF Asks Congress To Ensure PPP Loans Are Not Taxed
AFBF Asks Congress To Ensure PPP Loans Are Not Taxed
AFBF Asks Congress To Ensure PPP Loans Are Not Taxed
The American Farm Bureau Federation recently sent a letter to Congress asking them to ensure farmers won’t pay taxes on forgiven Paycheck Protection Program loans. AFBF Senior Congressional Relations Director Pat Wolff said an IRS regulation means small businesses and farms would face a tax burden for using PPP funds. ...
Johannson Breaks Down Net Farm Income
Johannson Breaks Down Net Farm Income
Johannson Breaks Down Net Farm Income
Despite lower commodity prices and the ongoing pandemic, farmers may end up with higher incomes this year. "Net farm income now is forecast at $102.7 billion dollars, up almost 23% from last year," said USDA Chief Economist, Rob Johannson ...
Karney: Producers Need To Take Advantage Of Extra Time To Apply for PPP
Karney: Producers Need To Take Advantage Of Extra Time To Apply for PPP
Karney: Producers Need To Take Advantage Of Extra Time To Apply for PPP
When approved by Congress, the Paycheck Protection Program was designed to help struggling small businesses keep employees on their payrolls as they recover from coronavirus pandemic. R.J. Karney, Director of Congressional Relations with the American Farm Bureau Federation said this program is incredibly important for farmers nationwide ...
Stirling: Turn To Local Bank, Credit Union For Help
Stirling: Turn To Local Bank, Credit Union For Help
Stirling: Turn To Local Bank, Credit Union For Help
Whether you’re a business or a household, the pandemic has been a trying and difficult time for many financially. And with a host of new programs and options to help you through these challenging times, it’s enough to make your head swim. Andy Stir ...
Duvall: The American Farmer Needs More Help
Duvall: The American Farmer Needs More Help
Duvall: The American Farmer Needs More Help
The American Farm Bureau Federation says farmers need more help to mitigate losses from the coronavirus pandemic. Now the organization is calling on Congress to provide additional resources for rural communities. AFBF President Zippy Duvall said the Coronavirus Food Assistance Program was a good start ...
AFBF: PPP Changes Good News For Farmers
Changes recently passed by the House and Senate to the Small Business Administration’s Paycheck Protection Program offers farmers and ranchers more flexibility. American Farm Bureau Federation Economist Veronica Nigh said this should help farmers utilize the program more easily. “U ...
Farmers, AFBF Looking For Changes To PPP
Farmers, AFBF Looking For Changes To PPP
Farmers, AFBF Looking For Changes To PPP
Congress is considering changes in the next round of the Paycheck Protection Program, and the American Farm Bureau seeks “corrections” allowing farmers to better participate. “We expect the House to take up a bill this week," said AFBF Congressional Relations Director R.J. Karney. "The ...
House Democrats Heroes Act Includes Agriculture Provisions
House Democrats Heroes Act Includes Agriculture Provisions
House Democrats Heroes Act Includes Agriculture Provisions
The next round of coronavirus relief introduced by House Democrats would increase direct payments to farmers by $16 billion. The funds are expected to supplement the already planned $16 billion in payments. While the legislation focuses on replenishing the Paycheck Protection Program and providing an additional round of direct payments to Americans, the bill includes multiple benefits for agricu

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