Farm Credit Council Statement on the HEALS Act

WASHINGTON, D.C. – Farm Credit Council President and CEO Todd Van Hoose made the following statement about the U.S. Senate’s Health, Economic Assistance, Liability and Schools (HEALS) Act.

Farm Credit statement on the HEALS Act

“Introduction of the HEALS Act is a terrific next step in the process to provide much needed additional assistance to U.S. agriculture. We hope the full Senate will move quickly to debate and pass the bill. Once the Senate acts on the bill, we urge House and Senate leadership to move quickly to reach a bipartisan agreement on a final assistance package.

“The HEALS Act would provide substantial assistance to farmers, ranchers and agribusinesses. The bill provides $20 billion in direct assistance via USDA to agricultural producers. It dramatically simplifies the forgiveness process for small Paycheck Protection Program (PPP) loans, better tailors the existing PPP to the needs of farmers, and simplifies Farm Credit’s ability to make PPP loans to farmers and agribusinesses.

“Introduction of the HEALS Act follows House passage of the HEROES Act, which also would provide substantial assistance to ag producers and agribusinesses. Both bills include significant funding for USDA to provide additional direct assistance to farmers. That direct assistance is what America’s farmers, ranchers and agribusinesses need right now to help mitigate the impact of the COVID-19 pandemic and protect our food supply.  

“Farm Credit urges the Senate and House to act quickly to compromise the two bills and finalize the assistance package in the coming weeks.” 

Farm Credit’s Mission

Farm Credit supports rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow. That’s our mission. And we serve every part of agriculture from the smallest operations to the largest – and everything in between. Learn more about who we are and the important mission we fulfill every day. CLICK HERE to learn more

Premier Farm Credit is part of the Farm Credit Council is the umbrella organization that all Farm Credit associations operate under. The CEO’s listed from Yosemite, AgSouth and FC of Mid America lead ‘sister’ associations to Premier Farm Credit in different parts of the country. Learn more online at https://premieraca.com/

 

07-28-20 Farm Credit Council Statement on the HEALS Act

 
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By Brian Allmer - The BARN

Brian Allmer & the BARN are members of the National Association of Farm Broadcasting (NAFB), the Colorado FFA Foundation, the Colorado 4H Foundation, the Colorado Farm Show Marketing Committee, 1867 Club Board Member, Denver Ag & Livestock Club Member, the Weld County Fair Board, the Briggsdale FFA Advisory Council, Briggsdale 4H Club Beef Leader & Founder / Coordinator of the Briggsdale Classic Open Jackpot Show.