NCBA on HEROES ACT
Congress is not on the same page yet - but there could be some additional help for farmers and ranchers from Washington DC.
The HEROES Act, the Coronavirus Food Assistance Program (CFAP) and new proposed legislation that would further regulate cattle markets.
Specifically, the HEROES Act would authorize USDA to provide $45 cents/gal. of ethanol produced from Jan. 1 through May 1, 2020. Producers forced off line for one or more calendar months during this time would qualify for the same credit, based on half the volume produced during the corresponding month or months in 2019. The aid reflects appeals submitted by farm and biofuel leaders, as well as calls from bipartisan champions in the House and Senate, Midwest governors and 70 mayors across 10 states.