NCGA Welcomes Additional USDA COVID-19 Assistance for Corn Farmers

September 18, 2020

NCGA Welcomes Additional USDA COVID-19 Assistance for Corn Farmers

Sep 18, 2020

Key Issues:COVID-19Farm Policy

Author: Liz Friedlander

The National Corn Growers Association (NCGA) today said additional aid from the Commodity Assistance Food Program (CFAP 2) will assist farmers and their customers recover from the continued financial implications of the COVID-19 pandemic.

 

The U.S. Department of Agriculture (USDA) today announced $14 billion in a second round of direct support, including additional assistance for corn growers. The aid was authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law in March.

 

“It’s been a tough year for agriculture and there’s still a lot of uncertainty across the corn belt as we head into harvest,” NCGA President Kevin Ross said. “We’re doing all we can to get back on solid ground, but we can’t do it alone, which is why today’s announcement is a positive and welcome step forward.

 

NCGA analysis projects a $59 per acre average revenue decline for the 2019 corn crop and an $89 per acre average revenue decline for 2020, compared to pre-COVID-19 projections. If realized, the 2020 crop year revenue would be the lowest corn revenues since 2006. Residual impacts from COVID-19 on corn prices are very likely to persist into 2021 and possibly beyond. 

 

Since March, NCGA has taken a series of actions to help corn farmers recover from the financial impacts of the pandemic, including advocating for further Congressional action and the development of a Demand Recovery Plan to shore up the near term and better position corn farmers to take advantage of longer-term opportunities to grow demand.