
Thirty-nine weeks and two days. That’s the length of time that passed between the President signing the CARES Act back in March and signing the “CARES Act extension” bill yesterday. That extreme length of time was no accident. At 5,593 pages, the Consolidated Appropriations Act, 2021 (H.R. 133) is the longest bill that has ever passed Congress, and it happened during a global health pandemic, a Presidential election year, and finally coalesced during a lame-duck session with large bipartisan majorities.
The $900 billion COVID-19 stimulus package portion will provide much-needed financial relief for agricultural producers, funding for food assistance programs, enhancements to the Paycheck Protection Program, and funding for enhanced broadband access, as well as additional financial resources for agricultural research and farmer stress assistance programs, among others.
Today’s article will give a high-level overview of each key agricultural provision and wrap up with notes on tax-related provisions that may be of interest. It’s a lengthy article, so I have put each commodity/sector under its own paragraph so you can skim to what’s important to your operation.
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