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Shutdown Halts Some Payments and Loans to Farmers
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1010 WCSI
The U.S. federal government shutdown will stop some payments to farmers and also delay access to federal farm loans.
“Even short interruptions in payments could deepen farmers’ economic turmoil,” said Chad Hart, an agricultural economist with Iowa State University.
“After all, it costs money to run those combines at harvest.”While administration of nutrition programs and food inspections will continue, much of USDA’s other work will cease.
That includes processing farm loans and making payments to farmers, including billions in disaster aid.
It will also not process annual commodity and land conservation payments typically issued by October.