{"id":1871,"date":"2020-04-01T11:40:00","date_gmt":"2020-04-01T15:40:00","guid":{"rendered":"https:\/\/www.nationalpotatocouncil.org\/?p=1871"},"modified":"2020-11-06T11:46:03","modified_gmt":"2020-11-06T16:46:03","slug":"npc-urges-sba-to-include-ag-businesses-in-disaster-loan-program-2","status":"publish","type":"post","link":"https:\/\/www.nationalpotatocouncil.org\/npc-urges-sba-to-include-ag-businesses-in-disaster-loan-program-2\/","title":{"rendered":"NPC Urges SBA to Include Ag Businesses in Disaster Loan Program"},"content":{"rendered":"\n
This week, NPC joined 30 agriculture organizations and businesses calling on the U.S. Small Business Administration (SBA) to include agricultural businesses in the Economic Injury Disaster Loan program, as intended by Congress in the CARES Act.<\/p>\n\n\n\n
The notice on the SBA website currently states applicants must certify they are \u201cnot an agricultural enterprise (e.g., farm), other than an aquaculture enterprise, agricultural cooperative or nursery.\u201d Yet, the actual text of the CARES Act does not exclude agriculture producers and states all businesses with fewer than 500 employees can participate in the program.<\/p>\n\n\n\n
In a letter to SBA Administrator Jovita Carranza, NPC and the agriculture organizations wrote, \u201cAgricultural producers and businesses are critical elements of this nation\u2019s economy and food system. Prior to COVID-19, farmers and ranchers had already experienced a drastic 24 percent decline in net farm income from highs experienced just six years ago. With the further downturn in the economy, agricultural businesses are at risk of closure and may be required to lay off employees.\u201d<\/p>\n\n\n\n
\u201cThis is an unprecedented crisis facing the United States. Making this support program available to farmers, who especially now are so critical to our nation, is essential and must occur immediately to avoid more losses and insecurity in our food supply,\u201d said NPC CEO Kam Quarles.<\/p>\n\n\n\n
The full letter is available here<\/a>.<\/p>\n\n\n\n