Farm Bureau economist says omnibus bill “checks all of the boxes”
American Farm Bureau’s chief economist says the omnibus spending bill which includes additional coronavirus relief was very much-needed.
John Newton says, “The coronavirus, we’re not past it. We’ve seen two vaccines approved and those are starting to roll out across the country but many Americans continue to struggle due to the economic challenges associated with COVID-19 and this package is a good down payment for America.”
Newton tells Brownfield several elements of the new funding package will help farmers including refinements to the Paycheck Protection Program and additional money for broadband. “I think people are pleased. You’ve got support for row crops. You’ve got plus-up for livestock. Dairy has got nearly a billion in supplemental DMC (Dairy Margin Coverage) and a dairy donation program. You’ve got support for contract poultry growers, support for ethanol, support for cotton processors. I think it checks all of the boxes.”
Newton says the package also included 400-million dollars for a dairy donation program.