USDA launches Emergency Commodity Assistance Program for farmers

The U.S. Department of Agriculture (USDA) has introduced the Emergency Commodity Assistance Program (ECAP) to provide financial support for farmers facing rising costs. Secretary of Agriculture Brooke Rollins announced that farmers will receive direct payments to help them manage expenses, especially as commodity prices fall. Farmers can apply for the payments starting March 19. Applications will remain open until August 15, 2025. Payments will be based on the number of acres they planted or were unable to plant in 2024. For acres not planted, farmers will receive 50% of a set payment rate. This program is separate from a $21 billion disaster aid package that will be distributed later in the year. Farmers do not need to wait for pre-filled applications. They can submit their applications in various ways, including online, in person, by fax, or electronically. Those who have already submitted acreage reports will receive pre-filled applications to simplify the process. Initial payments will be made as applications are approved, starting at 85% of the total amount to ensure the program stays within budget. Experts believe the ECAP payments will greatly help farmers struggling with costs. Chad Hart, an agricultural economist, noted the declining farm income and its impact on the agricultural economy. American Farm Bureau Federation Vice President Scott VanderWal expressed concern for farmers facing challenges in getting loans to purchase crops, emphasizing the need for additional support from the USDA as many are dealing with negative margins on key crops like corn and soybeans.