Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, May 9
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Commodities»USDA streamlines $10 billion in commodity assistance | News, Sports, Jobs
    Commodities

    USDA streamlines $10 billion in commodity assistance | News, Sports, Jobs

    March 19, 20253 Mins Read


    This week, the U.S. Department of Agriculture announced that it will issue up to $10 billion in assistance to farmers for the 2024 crop year. Applications for the Emergency Commodity Assistance Program (ECAP) are due by Aug. 15, the USDA said.

    In a Tueday news release, U.S. Secretary of Agriculture Brooke Rollins said ECAP will help farmers mitigate the impact of increased input costs and falling commodity prices.

    “Producers are facing higher costs and market uncertainty, and the Trump Administration is ensuring they get the support they need without delay,” Rollins said. “With clear direction from Congress, USDA has prioritized streamlining the process and accelerating these payments ahead of schedule, ensuring farmers have the resources necessary to manage rising expenses and secure financing for next season.”

    ECAP is administered by the USDA’s Farm Service Agency (FSA). The economic relief payments were authorized as part of the American Relief Act of 2025, and are based on planted and prevented planted crop acres for eligible commodities for the 2024 crop year.

    Commodities eligible for ECAP payments included crops like wheat, oats, corn and soybeans, as well as some oilseed crops.

    To help streamline the delivery of ECAP, the FSA will start sending pre-filled applications to farmers who submitted acreage reports for 2024 eligible ECAP commodities, the USDA said. The pre-filled applications would go out after the signup period opened Wednesday, the release said.

    Farmers don’t have to wait for the pre-filled ECAP application, however. Producers can visit fsa.usda.gov/ecap, or contact their local FSA office to request an application, the USDA said. The USDA’s ECAP web page also includes resources for farmers like a payment estimate calculator.

    The USDA said ECAP assistance will be calculated using a flat payment rate for the eligible commodity, multiplied by the eligible reported acres. In Tuesday’s news release, the USDA listed a payment rates for eligible commodities. For corn, the rate was $42.91 per acre. Soybeans had a payment rate of $29.76 per acre.

    The USDA said the application deadline for ECAP was Aug. 15. Farmers who have not already reported 2024 crop year acreage, or filed a notice of loss for prevented planted crops, also need to do so before Aug. 15.

    MARSHALL — A portion of West Marshall Street will be closed to traffic on Thursday, while the Marshall street …

    This week, the U.S. Department of Agriculture announced that it will issue up to $10 billion in assistance to …

    MARSHALL — With the growing development of Artificial Intelligence (AI), Marshall Public Schools have seen it …

    MARSHALL — The Lyon County Fair will be held later than usual this year for the second time in a row. A …

    MANKATO — A suspect has been arrested after a Kwik Trip clerk was fatally stabbed early Tuesday morning, …



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleSprings Utilities proposing gas rate increase, could go into effect in April
    Next Article Stock market today: Asian shares are mostly higher after advance on Wall Street

    Related Posts

    Commodities

    Trump Announces Trade Agreement With Britain — Commodities Roundup

    May 8, 2025
    Commodities

    Risk Management in CFD Trading: A Comprehensive Approach

    May 7, 2025
    Commodities

    Mineral annonce que ses actionnaires prolongent les conditions de remboursement d’un prêt de 2,4 millions de dollars australiens

    May 6, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Télécharger Glary Utilities – CNET France

    August 16, 2020

    Glary Utilities à télécharger – ZDNet

    April 4, 2022

    London Art Exchange Manages To Secure Contract With Felix Valentine.

    October 3, 2022
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Wall Street today: S&P 500, Nasdaq drop on big tech & chip stocks sell-off over China trade sanction worries

    July 17, 2024
    Bitcoin

    Morgan Stanley Opens Doors to Bitcoin ETFs for Wealthy Clients

    August 10, 2024
    Stock Market

    Impact of the FCA’s new rules on the London stock market – London Business News

    July 18, 2024
    What's Hot

    The UK towns and cities where homes are selling quickest | UK | News

    April 15, 2025

    Bitcoin (BTC) Price to Hit $135k in 2025 – Peter Brandt Predicts as Whales Enter $200M Buying Spree

    October 12, 2024

    A mini-gold rush brews three miles below sea level

    April 16, 2025
    Most Popular

    Russia in talks with BRICS over precious metals exchange

    October 24, 2024

    Wall Street Week Ahead: Spooked US stock market faces tech earnings minefield, Fed meeting

    July 27, 2024

    Petrochemical makers battle global glut By Reuters

    August 9, 2024
    Editor's Picks

    Trilliant Announces Analytics as a Service

    October 14, 2024

    Should You Invest In This Cheap Robotic Stock Right Now?

    August 18, 2024

    Investors in Canadian Utilities (TSE:CU) have seen returns of 11% over the past five years

    August 20, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.