Congress passed the Paycheck Protection Program Increase Act and President Trump signed in on Friday.
National Cattlemen’s Beef Association Vice President of Government Affairs Ethan Lane says his organization is pleased with congress passing more money for PPP.
“America’s cattle producers are working hard every day to keep feeding America, even as they face more than $13 billion in financial losses while also tending to the health of their families during the pandemic,” Lane says. “We hope the swift passage of the PPP Act means more aid will be available to cattle producers.”
Lane added that the NCBA is also grateful that Congress explicitly authorized producer eligibility for Economic Injury Disaster Loans and emergency grants administered by the Small Business Administration.
Todd Van Hoose, President and CEO of the Farm Credit Council, says, “We will do everything in our power to get farmers and ranchers access to funding through the Paycheck Protection Program.”
Public Lands Council President Bob Skinner says, “Federal lands ranchers play a major role in American agriculture, raising 60 percent of our nation’s sheep herd and 40 percent of the nation’s cattle herd. The expanded relief will help to make sure that the cattle and sheep industries can keep producing food and fiber.”