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USDA Supports US Seafood Industry Impacted by Retailiatory Tariffs

U.S. Secretary of Agriculture Sonny Perdue announced today that the U.S. Department of Agriculture (USDA) will provide approximately $530 million to support the U.S. seafood industry and fishermen impacted by retaliatory tariffs from foreign governments. The funding will be provided through the Seafood Trade Relief Program and funded through the Commodity Credit Corporation (CCC), administered by USDA’s Farm Service Agency (FSA).

USDA Announces Flexibilities for Producers Filing ‘Notice of Loss’ for Failed, Prevented Planted Acres

The U.S. Department of Agriculture (USDA) is providing additional flexibilities for producers to file on acres with failed crops or crops that were prevented from planting because of extreme weather events. USDA’s Farm Service Agency (FSA) is adding these flexibilities for Notice of Loss on both insured and uninsured crops to enable Service Centers to best assist producers. 

USDA Announces Loan Maturity for Marketing Assistance Loans Now Extended to 12 Months

Provides Producers with Marketing Flexibilities Amid COVID-19 Uncertainties

Agricultural producers now have more time to repay Marketing Assistance Loans (MAL) as part of the U.S. Department of Agriculture’s implementation of the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. The loans now mature at 12 months rather than nine, and this flexibility is available for most commodities.