A Wisconsin Senator would like some farmer-friendly changes to the Paycheck Protection Program.
Democrat Tammy Baldwin says the treasury and the Small Business Administration should exclude Coronavirus Food Assistance Program, or CFAP payments from farm gross receipts when considering a second PPP loan in the next round. Baldwin tells Brownfield many farmers didn’t get the help they needed in round one. “A lot of the loans were based on net receipts the year before, and too many farmers had negative revenues, and so the loans that they were qualifying for were minuscule.”
Baldwin says she spoke with one farm couple that only qualified for an eighty-dollar PPP loan because of the round one guidelines.
