CFAP Payments to Nebraska
Nebraska agricultural producers have received $345 million in direct payments through the Coronavirus Food Assistance Program (CFAP) through the end of June according to an analysis by American Farm Bureau Economist John Newton.
The USDA created the $16 billion CFAP Program to partially offset COVID-19-related losses for livestock, dairy, specialty crop, and non-specialty crop producers. The Nebraska Farm Bureau estimated last month the revenue losses to Nebraska producers due to COVID-19 could exceed $2.4 billion this year.
Newton reports that USDA data shows nearly one-third, or $4.85 billion, of the $16 billion in CFAP assistance has been paid to producers. Of that total, $2.4 billion, more than 50 percent, has been paid to livestock (cattle, hog, and lamb producers); $1.3 billion, 26 percent, has been paid to crop producers; and $1 billion, 22 percent, has been paid to dairy producers. Payments to Nebraska producers rank second to those distributed to Iowa producers, $514 million. Payments to producers in Wisconsin and Minnesota follow Nebraska at $324 million and $310 million respectively. The bulk of the payments to Nebraska, $202 million, have gone to livestock producers, equating to 58 percent of total payments.
Farmers and ranchers have until August 28 to complete their CFAP application. For more information on the distribution of CFAP payments, go to: https://www.fb.org/market-intel/one-third-of-cfap-payments-now-out-the-door
Figure 3. CFAP Payments (Millions $) to Producers as of June 29, 2020