This week’s release of the final rule implementing the Coronavirus Food Assistance Program (CFAP) is good news for a broad portion of the U.S. agriculture industry. Sign-up for the program is set to begin Tuesday, May 26 and USDA expects payments to begin 7-10 days after submission of a complete and fully documented application.
Each of the commodities included in the CFAP program were significantly impacted by the market and demand disruptions that occurred as a result of the COVID-19 pandemic. One of the hardest hit was upland cotton which, according to USDA’s calculations, saw a 25 percent drop in market ...