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.
NCGA is taking a series of actions to do our part to help contain the spread of the coronavirus (COVID-19) and the economic fallout it is creating for corn farmers and our customers. Short term, this means instituting policies to protect the health and safety of our stakeholders and the broader communities we serve. Long term, we’re focused on creating solutions to help corn farmers and our customers recover from the financial impacts of this crisis.
CommonGround is a group of farmers connecting with consumers through conversations about science and research and personal stories about food and misinformation surrounding farming. Supported by the NCGA and state corn organizations.
The Soil Health Partnership (SHP) is a farmer-led initiative that fosters transformation in agriculture through improved soil health. Administered by NCGA the partnership has more than 220 working farms enrolled in 16 states. SHP’s mission is to utilize science and data to partner with farmers who are adopting conservation agricultural practices that improve the economic and environmental sustainability of the farm.