The Paycheck Protection Program created under the $2 trillion CARES Act is available to farmers as well as other small businesses. There are other provisions of the CARES Act available for small businesses that farmers may be eligible for. The Small Business Administration (SBA) will administer these programs and is developing applications and information about the programs.
Importantly, some of these programs will be on a first come first serve basis. So farmers need to look at this ASAP.
Other CARES Act Funding
Besides these SBA funds, the CARES Act also provides funds specifically for agriculture that will be available through USDA. USDA is currently developing criteria for these funds. More information about the USDA programs will be provided as it becomes available.
Below are links to important information regarding the SBA programs. Please relay this information to your farmers ASAP so that they will be aware of this emerging assistance.