The Agriculture Department will start distributing $10 billion in economic loss recovery payments to farmers who spent more on producing a commodity than they expected to recoup during the 2024 crop year, officials announced Tuesday.
Applications for the Emergency Commodity Assistance Program open Wednesday and are due to the Farm Service Agency by Aug. 15, said Brooke Appleton, USDA deputy under secretary for farm production and conservation, on a call with reporters.
The congressionally directed payments—reaching up to $250,000 per producer—come as the agency touts savings generated from canceled government contracts and reviews federal spending on initiatives including conservation to ...