Photo of cows in pasture

Statement From NCBA CEO Colin Woodall on the Impact of Coronavirus on the U.S. Beef Supply Chain

ICA too has been watching the uncharted decline in the cattle futures. The store shelves show that there is a continued demand for high quality protein provided by our producers.  We are continuing to send the message that our producers are feeling the strain of the market crunch and we are hopeful the demand will create a rapid price spike following the uncertainty created by this circumstance.

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USDA to Begin Accepting CFAP Applications

| May 20, 2020

USDA to Begin Accepting CFAP Applications

Beginning May 26, USDA will be accepting applications from agricultural producers who have suffered losses due to the coronavirus pandemic. 

Eligible Livestock: Coronavirus Food Assistance Program (CFAP) assistance is available to livestock producers who have an ownership interest in eligible livestock that have suffered a five percent-or-greater price decline as a result of the COVID-19 pandemic and face additional significant costs in marketing their inventories due to unexpected surplus and disrupted markets. A single payment for livestock will be calculated using the sum of the producer’s number of livestock sold between January 15 and April 15, 2020, multiplied by the payment rates per head, and the highest inventory number of livestock between April 16 and May 14, 2020, multiplied by the payment rate per head.

Program details are specific to agricultural commodities and can be found at https://www.farmers.gov/cfap