The Ranking Member of the Senate Ag Committee says there’s no reason USDA should run out of Commodity Credit Corporation funds with October farm bill program payments and COVID-19 assistance.
“From all of the experts giving me information, that’s actually not accurate. What we have is a fight about whether there should be immediate additional resources without any accountability.”
Debbie Stabenow of Michigan says each fiscal year CCC funds are renewed for up to $30 billion in borrowing authority in mid-November and USDA should be able to manage what’s due to farmers in October as well as COVID payments.
