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COVID-19 Aid Still Stalled in Congress

The U.S. Senate and U.S. House have yet to reach an agreement on a COVID-19 aid package that would include funding for additional aid to U.S. farmers for impacts of trade, the pandemic, and significant weather events. The House and Senate have both drafted aid packages, but their respective bills are drastically different in their price tag. Speaker of the House, Nancy Pelosi, met with White House negotiators on Thursday and stated that negotiations would remain stalled until the White House and Senate agreed to greater aid. As the days and weeks continue to pass, it becomes more and more likely that the House and Senate will likely be forced into negotiating an aid package with a fiscal year 2021 spending bill in September.

USDA has indicated that it will proceed with additional aid from remaining funds at the Commodity Credit Corporation (CCC), but use of those funds would likely deplete the reserves for future aid needs. The aid is expected to be announced soon after Labor Day.

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