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Corona stimulus
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Posted 3/25/2020 20:49 (#8138877)
Subject: Corona stimulus

Ridgway, IL
I read this on politico as part of the stimulus bill today, what does it mean?

What they got: Nearly $24 billion, including $14 billion for an obscure Depression-era financial institution that USDA has wide discretion to use to stabilize the farm economy. Another $9.5 billion would be set aside for emergency aid for the agriculture sector, including cattle ranchers and fresh fruit and vegetable growers.
Why it matters: More aid might be on the way.

Republican senators from major cattle producing states, like Sen. John Hoeven (R-N.D.), initially sought to replenish the Depression-era program with $20 billion, as well as increase USDA's borrowing authority from the institution to $50 billion.
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