Impact of COVID-19 on Agriculture

Farmers Seek Changes to PPP

Podcasts / Newsline May 26, 2020

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Lawmakers are considering changes to the Paycheck Protection Program which may help farmers and ranchers. Micheal Clements has more.

Clements: Congress is considering changes in the next legislation for the Paycheck Protection Program and the American Farm Bureau seeks corrections that allow farmers to better participate.  AFBF Congressional Relations Director RJ Karney says action will happen soon.

Karney: We expect the House to take up a bill this week. The Senate is expected to vote on its bipartisan bill shortly after getting back into session next week. While Farm Bureau is supportive of these bipartisan efforts, Farm Bureau is also asking for additional corrections that would allow agricultural producers to more fully participate in the Paycheck Protection Program.

Clements: Farm Bureau wants Congress to allow farmers to increase net farm income on their 2019 Schedule F tax form. Karney says farmers showing a zero or negative net farm income on the form may not be eligible for the program.

Karney: Farm Bureau recommends that farmers be allowed to increase their net-farm income through all rental income, farm equipment trades, breeding livestock and other documented sources of income. There’s also a lot of uncertainty on how H-2A qualify as an employee for the Paycheck Protection Program. Farm Bureau asks Congress to allow all H-2A workers in the United States to qualify for the program when determining the employee count and for purposes of eligibility.

Clements: Karney encourages farmers and ranchers to get involved in the process.

Karney: We encourage farmers and ranchers to contact their members of Congress and share their stories about the concerns they have for the Paycheck Protection Program and what changes are needed so they can fully participate more in the program.

Clements: Micheal Clements, Washington.

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