Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»USDA to begin accepting applications for $10B Emergency Commodity Assistance Program – InForum
    Commodities

    USDA to begin accepting applications for $10B Emergency Commodity Assistance Program – InForum

    March 19, 20254 Mins Read


    WASHINGTON — The U.S. Department of Agriculture will start accepting applications for the $10 billion in market-based assistance passed by Congress as part of year-end legislation in December, Sen. John Hoeven, R-N.D., announced Tuesday, March 18.

    Congress on Dec. 21, 2024, passed the American Relief Act of 2025, a continuing resolution that stopped a government shutdown

    but also included $21 billion designated toward aide for farmers with losses from natural disasters in 2023 and 2024, along with $10 billion in farm economic assistance to offset low commodity prices.

    The bill was signed into law by President Joe Biden.

    With the $10 billion in funds set aside for economic assistance, USDA set up the Emergency Commodity Assistance Program to provide economic assistance payments to eligible producers of eligible commodities for the 2024 crop year to help farmers “cope with losses from natural disasters and a difficult farm economy” and to “help preserve family farms and ranches across the country while also continuing to ensure food and agricultural security for our nation,”

    according to a Federal Register document scheduled to publish Wednesday, March 19

    .

    John Hoeven

    John Hoeven

    “This $10 billion in assistance is an important step to help producers recover from the challenging markets and comes as part of our commitment to keep our farmers and ranchers in the game, whether they face natural disasters, challenging markets or trade disputes,” Hoeven said in a statement.

    “Producers are facing higher costs and market uncertainty, and the Trump Administration is ensuring they get the support they need without delay,” U.S. Agriculture Secretary Brooke Rollins said in a statement. “With clear direction from Congress, USDA has prioritized streamlining the process and accelerating these payments ahead of schedule, ensuring farmers have the resources necessary to manage rising expenses and secure financing for next season.”

    Hoeven said he is continuing to work with USDA on advancing the $21 billion in weather-related assistance for losses in 2023 and 2024, which includes $2 billion set aside for livestock producers, including those with losses due to

    wildfires

    .

    Eligible commodities for ECAP include wheat, corn, sorghum, barley, oats, soybeans, dry peas, lentils, chickpeas, canola, flax and sunflower, among other crops. Only one application is required for all ECAP eligible commodities. ECAP assistance will be based on acreage and calculated using a flat payment rate for the eligible commodity multiplied by the eligible reported acres. For acres reported as prevented plant, ECAP assistance will be calculated at 50%.

    Hoeven, who chairs the Senate Agriculture Appropriations Committee and is a senior of the Senate Agriculture Committee, said he has been working with

    Rollins

    to find ways to quickly deliver the assistance, including encouraging USDA to use a streamlined application process to help ensure an efficient and timely process.

    According to Hoeven’s office, USDA will send producers pre-filled applications based on 2024 acreage reporting data after program signup begins on March 19. Producers who still need to submit their 2024 plant and prevented planting data may do so until the program deadline of Aug. 15, 2025. Applications may be submitted online or to local Farm Service Agency offices.

    “Secretary Rollins has committed to getting the funds distributed as quickly as possible, with payments to start going out by March 21,” Hoeven said.

    His office said the initial payments will come to 85% of the total, with a supplemental payment to follow in the summer.

    Hoeven said it’s important that a new farm bill get passed that invests in the farm safety net so that such ad-hoc disaster assistance will no longer be needed.

    The current farm bill

    , officially called the Agriculture Improvement Act of 2018, originally was set to expire in 2023 but now has gotten two one-year extensions. The expiration date now is Sept. 30, 2025.

    “Of course, we needed to do that because we don’t have the new farm bill in place yet,” Hoeven said in a recorded message about the assistance package. “So this is important, but the key is we need to get that farm bill done and it needs to work for our farmers and ranchers.”

    USDA has announced the following per-acre payment rates for crops under ECAP:

    • Wheat: $30.69
    • Corn: $42.91
    • Sorghum: $42.52
    • Barley: $21.67
    • Oats: $77.66
    • Upland cotton and extra-long staple cotton: $84.74
    • Long and medium-grain rice: $76.94
    • Peanuts: $75.51
    • Soybeans: $29.76
    • Dry peas: $16.02
    • Lentils: $19.30
    • Small chickpeas: $31.45
    • Large chickpeas: $24.02
    • Canola: $31.83
    • Crambe: $19.08
    • Flax: $20.97
    • Mustard: $11.36
    • Rapeseed: $23.63
    • Safflower: $26.32
    • Sesame: $16.83
    • Sunflower: $27.23

    Hoeven’s office said more information on ECAP will be available at

    https://fsa.usda.gov/ecap

    .

    Jenny Schlecht

    Jenny Schlecht is the director of ag content for Agweek and serves as editor of Agweek, Sugarbeet Grower and BeanGrower. She lives on a farm and ranch near Medina, North Dakota, with her husband and two daughters. You can reach her at jschlecht@agweek.com or 701-595-0425.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Youth Forum on Agricultural Biotechnology opens at NSU

    Commodities

    Royal Agricultural University opens its doors for 180th birthday

    Commodities

    Lexington blocks solar farms on agricultural land. But fight over solar isn’t over

    Commodities

    BTBAM’s Dan Briggs – My 5 Favorite Prog Metal Albums

    Commodities

    Royal Welsh Agricultural Society pulls the plug on its Spring Festival to focus on other projects

    Commodities

    SRM College of Agricultural Sciences to launch 7 doctoral courses from next academic year

    Commodities
    Leave A Reply Cancel Reply

    Top Picks

    Record Financing for NeXtWind: €1.4 Billion for the Expansion of Wind Energy in Germany

    Property

    Abrdn Property Income Trust poursuit son processus de liquidation gérée

    Property

    Resilient, recovering commercial real estate market forecasted for investment growth

    Editors Picks

    What Are The Key Trends In The G20’s Approach To Central Bank Digital Currencies?

    August 12, 2025

    L’acier émet 11 % des gaz à effet de serre. Voici la solution pour y mettre fin

    March 17, 2025

    Sustainable governance of agricultural land in Arctic Norway

    April 25, 2025

    Stock market today: Dow, S&P 500, Nasdaq slipped as Wall Street braced for Nvidia's earnings – Yahoo Finance

    May 28, 2025
    What's Hot

    Fintech bytes: Vestwell comes through for underserved retirement savers with multilingual support

    July 30, 2025

    JUDAS PRIEST And YouTuber METAL PILGRIM Team Up For “Invincible Shield Of Europe” Fundraiser In Support Of Ukranian Citizens In Need Of Medical Assistance

    August 18, 2024

    Legacy Plaza developer and railroad company awarded for their investments – Newton Daily News

    October 16, 2024
    Our Picks

    Bitcoin: MPs launch inquiry into digital currencies

    February 21, 2018

    Marex Group acquiert le négociant britannique de cobalt Darton Commodities

    April 14, 2025

    Immediate Growth: How to Trade Cryptocurrency Using AI

    April 24, 2025
    Weekly Top

    How Attractive Is Realty Income After Recent Share Price Gains?

    September 13, 2025

    HOUSE PRICES: UK property price update – by region

    September 13, 2025

    Aurubis Secures €200M EIB Loan to Boost Copper Refining and Recycling

    September 13, 2025
    Editor's Pick

    Parade lumineuse de motos Gold Wing au Mans : dans quelles rues voir le spectacle ce vendredi

    May 30, 2025

    As regulations bite, VCs cautious on fintechs in short-term

    August 25, 2024

    South Korea halts digital currency project, pausing talks with banks

    June 29, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.