Update to the Update

  • Agribusiness
  • 8/15/2022

We update our previous blog post regarding funds available to help farmers facing financial difficulties.

In our previous post we discussed the funds available for at-risk farmers in the amount of $3.1 billion.

We forgot to mention that there is also an additional $2.9 billion available for “underserved” farmers plus any farmers who were subject to discrimination. Underserved farmers include veterans, limited resource farmers, and beginning farmers and ranchers.

Any payments related to discrimination will be capped at $500,000 and the allocation for these claims are limited to $2.2 billion.

We will do an update later this week on various income tax provisions and income tax credits.

This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.

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