$16 billion in direct payments is now available to livestock, dairy, specialty crop, and non-specialty crop producers impacted by COVID-19.
Mississippi’s Commissioner of Agriculture and Commerce Andy Gipson says, “I encourage all of our farmers across the state to take advantage of this unique opportunity.”
In order to be eligible for a payment, a producer must have suffered a 5-percent-or-greater price loss over a specified time resulting from the COVID-19 outbreak or face additional significant marketing costs for inventories. Additionally, producers will have to certify that they meet the Adjusted Gross Income limitation of $900,000 unless at least 75 percent or more of their income is derived from farming, ranching, or forestry-related activities.
Producers must also be in compliance with Highly Erodible Land and Wetland Conservation provisions. There is a payment limitation of $250,000 per person or entity for all commodities combined. Applicants who are corporations, limited liability companies, or limited partnerships may qualify for additional payment limits where members actively provide personal labor or personal management for the farming operation.
To ensure the availability of funding throughout the application period, producers will receive 80 percent of their maximum total payment upon approval of the application. The remaining portion of the payment, not to exceed the payment limit, will be paid at a later date as funds remain available.
Farmers are able to apply now at www.farmers.gov/cfap.
Stay up to date with all of Mississippi’s latest news by signing up for our free newsletter here.
Copyright 2023 SuperTalk Mississippi Media. All rights reserved.