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USDA to begin disbursing economic aid to farmers amid low prices

  • The U.S. Department of Agriculture will begin accepting applications for $10 billion in market-based assistance as announced by Senator John Hoeven on March 18.
  • The Emergency Commodity Assistance Program will help eligible producers cope with losses from natural disasters and low commodity prices, as stated in a Federal Register document.
  • Payments from the program will start by March 21, 2025, with initial payments covering 85% of the total, according to Hoeven.
  • Hoeven emphasized the need for a new farm bill to avoid reliance on ad-hoc disaster assistance and support farmers effectively.
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U.S. News broke the news in New York, United States on Tuesday, March 18, 2025.
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