Posted 7/29/2020 08:45 (#8402564 - in reply to #8402553) Subject: RE: How many farmers got PPP loans?
sand85 - 7/29/2020 08:37
The real magic is in section 109 of the Senate's proposed HEALS Act where the Schedule F 'payroll' is redefined as gross receipts vs. net profit. That means anyone who farms more than about 120 acres of corn/soy gets a full $20,833 PPP loan. Which will partially offset losses in commodity price crashes.
Seriously!?! ***shaking my head*** And then how do you go about getting it forgiven?