Apr 01 2020
WASHINGTON, D.C. – U.S. Senator Deb Fischer (R-Neb.), a member of the Senate Agriculture Committee, today joined a bipartisan, bicameral letter to U.S. Department of Agriculture (USDA) Secretary Sonny Perdue requesting that he provide immediate assistance to cattle producers by using the resources provided in the recently enacted Coronavirus Aid, Relief, and Economic Stabilization (CARES) Act. This includes the replenishment of the Commodity Credit Corporation (CCC) and additional emergency funding. Doing so would help facilitate the stabilization of farm and ranch income for producers who are facing market volatility in the wake of the COVID-19 pandemic and economic fallout.
Click here for a full list of the more than 140 members of Congress who joined Senator Fischer in sending today’s letter to Secretary Perdue.
Full text of the letter below:
Dear Secretary Perdue,
We write to request swift assistance for cattle producers with the resources provided in the recently enacted Coronavirus Aid, Relief, and Economic Stabilization (CARES) Act to facilitate the stabilization of farm and ranch income to producers who are facing market volatility in the wake of the COVID-19 pandemic and economic fallout.
Recognizing the market volatility and financial hardships producers are facing because of COVID-19, the CARES Act provides $14 billion toward replenishment of the Commodity Credit Corporation and an additional $9.5 billion for the U.S. Department of Agriculture (USDA) to assist farmers and ranchers in response to COVID-19. While we do not know what the full market impact will be for the various commodities produced in our states, we recognize that there is an immediate need for assistance for our cattle producers.
We request that USDA consider data and estimates available from the Office of the Chief Economist and implement a program that would directly respond to the negative effect on producers caused by COVID-19. This program should deliver targeted, temporary, equitable relief to cattle producers in a manner that limits market distortions and negative effects on price discovery.
The COVID-19 outbreak has demonstrated the need for domestic food security. All farmers and ranchers are vital to our country’s ability to keep food on the table in a future pandemic or related crisis, and many producers, including young producers, are often highly leveraged and cannot fall back on years of equity in a time of crisis. As such, we urge you to quickly deliver relief to producers as we work to lessen the economic impact of this pandemic.