USDA Acknowledge that $16 Billion in CFAP Funding Inadequate
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05/29/2020 |
In an interview with Clinton Griffiths of Ag Day television, Undersecretary of Agriculture, Bill Northey opined that the $16 billion to be distributed under the Cornavirus Food Assistance Program (CFAP) would cover only one-third of the projected losses experienced by the agricultural sector as a result of COVID-19.
Northey stated, “$16 billion is a whole lot of money, right? but if you spread that across agriculture and you look at the impact out there estimates of the impact are at least three times that much, maybe four times that much.” He added, “We are not covering inventory losses and are not addressing the 2020 crop that going into the ground right now but we know that will be impacted.”
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USDA Under-secretary Bill Northey. |
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