Ron Hays and Colin Woodall talk details of the $5 Billion Earmarked for Beef Cattle Producers for Their Coronavirsus Related LossesSun, 19 Apr 2020 15:45:48 CDT
On Saturday, Radio Oklahoma Ag Network Farm Director Ron Hays talked for a few minutes with the CEO of the National Cattlemen's Beef Association Colin Woodall, getting his reaction to the $5.1 billion in assistance that was announced on Friday for beef cattle producers hurt by the Coronavirus Pandemic Panel because of falling cattle prices.
Woodall said it was good to see USDA Secretary Sonny Perdue moving on getting money for farmers and ranchers moving closer to distribution- but cautioned that there are still rules to write and the approval of Office of Management and Budget before a sign up can begin with the Farm Service Agency. It will take time.
Click on the LISTEN BAR below to hear the complete conversation between Hays and Woodall.
Here is the news release from NCBA after word had come from the Administration on the $19 billion to ag was announced on Friday:
NCBA President Marty Smith issued the following statement regarding the announcement related to USDA's plan for distribution of CARES Act funding.
"We appreciate Agriculture Secretary Sonny Perdue's announcement that the agency will soon distribute funding to the cattlemen and cattlewomen who desperately need help during this national emergency. We applaud USDA's work to quickly craft a plan to distribute the funds to those who need it most and we look forward to learning more about that plan very soon. America's cattle producers are facing unprecedented crisis after two market-disruptions in less than a year and this funding will provide the certainty needed to move forward with their work.
"Earlier this week, a study commissioned by NCBA, estimated that cow-calf producers stand to lose $8.1 billion as a result of the COVID-19 crisis, while the stocker/backgrounder sector losses will reach $2.5 billion and feedlot losses will total $3.0 billion as a result of the virus that is ravaging the American economy. Total industry losses are expected to reach $13.6 billion. While the relief funds that have been allocated to USDA by Congress represent a start to stabilizing the industry, there is much more work to be done to protect the cattle producers who are an essential component of the agriculture industry and the anchor for rural America."
Ron Hays talks with Colin Woodall on the Five Billion Dollars for Coronavirus Help for Cattle Producers
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