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Continuing Resolution Not Likely to Contain CCC Replenishment Funds

Congress appears set to approve a continuing resolution that will keep the government open beyond the end of the current fiscal year, which ends October 1. However, the package is not likely to include funding to replenish the USDA Commodity Credit Corporation (CCC) or much in the way of COVID-19 aid generally. The difference between the House and Senate on the next round of COVID aid remains wide, and it's not clear how or when they will be able to reach an agreement as both House democrats and Senate republicans remain entrenched in their positions and the 2020 presidential election nears. Without a replenishment of CCC funds, it's possible that the USDA would have difficulty meeting some farm bill program obligations due to insufficient funds since Secretary Perdue announced that USDA would launch a second Coronavirus Food Assistance Program (CFAP2) to provide $14 billion in more immediate aid to U.S. farmers.

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