Iowa farmers can apply to receive economic relief through the Emergency Commodity Assistance Program
The American Relief Act of 2025 provided a $31 billion disaster aid package for farmers across the country and applications are open for farmers to get access to this support. Teodora Mitov reports.
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Yahoo
01-04-2025
- Yahoo
Iowa farmers can apply to receive economic relief through the USDA
WEST DES MOINES, Iowa — The American Relief Act of 2025 provided a $31 billion disaster aid package for farmers across the country and applications are open for them to get access to this support. The legislation was passed in December 2024 and set aside $21 billion for natural disaster assistance and $10 billion in aid for farmers who experienced economic losses while growing 2024 commodities. This legislation also extended provisions of the 2018 Farm Bill through September 2025. Evacuation/shelter in place order issued because of Otley co-op fire The Iowa Farm Bureau Federation's President Brent Johnson is a fifth-generation farmer in the state. He said that the 2024 crop year was difficult for Iowa farmers because they saw increasing costs for land, seeds, fertilizer and other crop protection services, equipment, and more. He also said that several weather events across the state and recent tariffs have negatively affected Iowa farmers. 'There's a lot of things that are not in a farmer's control. So, when those things do happen, storms, drought, too much rain, it really does affect the ability for farmers to make money. And you couple that up with some significant trade disruptions and it becomes really unstable for the farm economy,' Johnson said. He also said that trade plays a vital role in Iowa's economy. 'We are really dependent on exporting and selling these commodities. We out-produce the needs of Iowans ourselves. So, we have to trade. We have to sell it to others. So anytime those trade conversations end up being unsettling, it ends up making farmers nervous at the farm gate,' he said. According to the National Corn Growers Association, two main factors have challenged the market. They include higher input costs and a growing corn supply. A higher input cost means that production expenses have remained high despite declining corn prices. This is similar to Johnson's point that inflation has increased expenses for farmers. Some Warren County residents concerned over skyrocketing property evaluations Furthermore, a growing corn supply creates more competition for Iowa farmers. More corn producers are available in the United States and outside the country, in places like Brazil. The United States Department of Agriculture (USDA) and the Farm Service Agency (FSA) announced the relief application. It's called the Emergency Commodity Assistance Program. They also shared the per-acre payment rates for 21 different crops. Corn is $42.91 per acre and soybeans are $29.76 per acre. Farmers can access the application for this relief at their local FSA office or online. While Johnson said this relief is helpful to farmers, he is hopeful a new Farm Bill will be passed that will create more stability for farmers in the future. What to know about possible overnight severe weather 'Have you ever seen Chris Street play?': McCollum aims to create defensive identity at Iowa Some Warren County residents concerned over skyrocketing property evaluations First responder cancer coverage bill advances through Iowa Senate subcommittee No tax on tips and overtime wages pushed for by Iowa House Democrats Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
01-04-2025
- Yahoo
Iowa farmers can apply to receive economic relief through the Emergency Commodity Assistance Program
The American Relief Act of 2025 provided a $31 billion disaster aid package for farmers across the country and applications are open for farmers to get access to this support. Teodora Mitov reports.
Yahoo
28-12-2024
- Yahoo
Homeowners, businesses urged to apply for Bomb Cyclone disaster aid by Feb. 21
According to the U.S. Small Business Administration (SBA), low-interest federal disaster loans are now available to Washington residents and businesses affected by the Bomb Cyclone that occurred from Nov. 17 to 25. The disaster declaration was issued following a request from Gov. Jay Inslee on Dec. 19. The assistance is available to individuals and businesses in Chelan, King, Kitsap, Kittitas, Pierce, Snohomish, and Yakima counties. Eligible applicants include businesses of all sizes, private nonprofit organizations, homeowners, and renters who suffered property damage or loss during the storm. Businesses can apply for loans of up to $2 million to repair or replace real estate, machinery, equipment, inventory, and other assets. Homeowners may be eligible for up to $500,000 to repair or replace damaged real estate, and renters can receive up to $100,000 for personal property losses. Small businesses and nonprofit organizations may also qualify for Economic Injury Disaster Loans to cover working capital needs, even if they did not sustain physical property damage. A unique feature of the SBA disaster loan program is the option to borrow up to 20% of verified physical damages for mitigation improvements. These improvements aim to reduce future risks, such as installing sump pumps, weather stripping, or regrading landscapes for better drainage. The SBA will soon open a Disaster Loan Outreach Center where representatives will assist applicants with the process and answer questions. Applications can also be submitted online at by phone at (800) 659-2955, or via email at disastercustomerservice@ Interest on these loans does not begin to accrue until 12 months after the first disbursement, with repayment beginning at the same time. Applications for property damage must be submitted by Feb. 21, 2025, while applications for economic injury are due by Sept. 23, 2025. The program has been funded through the American Relief Act of 2025, signed by President Biden on Dec. 21, 2024. Applicants are encouraged to submit applications immediately to ensure priority in to access your portfolio
