Hemp growers receiving state coronavirus relief will have those funds frozen due to the new Biden’s administration.
The USDA asserts that relief categorized under the latest phase of COVID-19 Food Assistance Program has been on hold until future notice. However, interested growers can keep applying up to the 26th February deadline.
On 15th January, the latest phase of COVID-19 relief for growers kicked off. Like the preceding phases, it was meant to offer extra direct aid for agricultural producers who are still experiencing market hindrances and related expenses.
The relief funds are hold based on an order from the White House to suspend
Trump-administration initiatives for review. Although the Agriculture Department promised that help is imminent, it didn’t expound the details.
The note stated that in future times, Biden’s administration and USDA are planning to exert more efforts to bring support and relief to all agriculture and food sectors amid the covid-19 pandemic through making sure producers can access capital, disaster aid, risk management equipment and other state resources.
Last week, the agency also put on hold foreclosures for distraught borrowers and overdue debt collections under the Direct Farm Loan Programs and Farm Storage Facility Loan authorized by the FSA( Farm Service agency.
FSA offers multiple different loans for growers and producers that are put in two major categories:
- FSA-serviced Direct loans
- Collateral loans are serviced and made by commercial lenders
America’s department of agriculture didn’t expound on when debt gatherings would resume. However, it told growers that the deadline extension will remain in place until the country’s pandemic declaration elapses.
The number of hemp producers who would be impacted by either suspension was unclear.
Biden’s appointee to take charge of USDA, Iowan Vilsack Tom, was slated to appear on Tuesday for the senate’s confirmation hearing.
