This week the House of Representatives passed, and the President has now signed, the historic $2 trillion stimulus package dubbed the Coronavirus Aid, Relief, and Economic Security Act (CARES), capping another wild week in Washington to help revive the U.S. economy and provide resources to many affected sectors, including dairy farmers.
The CARES Act, which the Senate approved on Wednesday, will deliver the largest-ever infusion of government money into the economy, both on a dollar and a percentage basis.
Agriculture Producer Disaster Assistance – The bill includes $9.5 billion to assist agriculture producers impacted by the coronavirus, including specialty crop producers; producers who support local food systems such as farmers markets, schools, and restaurants; and livestock and dairy producers.
- White House overview of the CARES Act
- Detailed overview by Foley and Lardner LLP
- US Congress passes $2 trillion stimulus package, with $9.5 billion for agriculture
- Coronavirus bill offers dairy aid in what may be a long effort, NMPF’s Bleiberg says
- How the coronavirus stimulus bill helps you