Economic Assistance Overview
- $10 billion in total funding for all eligible commodities
- 90-day period for USDA implementation
- Eligibility based on 2024 FSA-certified planted acres and 50% prevent-plant acres
- Skip-row acreage granted parity with solid plant acreage for this program
What you should know: Assuming Brooke Rollins is confirmed by the Senate as the new Secretary of Agriculture (confirmation hearing scheduled for 10 a.m. ET on January 23, 2025), then the economic assistance will be processed quickly. The 90 days is a deadline the deadline for payments to be completed (March 21, 2025); however, payments will likely be issued before this.
Disaster Assistance Overview:
- $20.78 billion in total funding for all eligible commodities
- Applicable to the 2023 and 2024 crop years for qualifying disaster losses
What you should know: We do not yet know how the disaster assistance will be issued or how the payment methodology will be implemented. The development of this program will not begin until we have a confirmed Secretary of Agriculture and could take some time to formulate. We do not have any payment rates or calculations at this time.