COVID-19 Resources

We know this is an unprecedented time, and the CLA leadership and staff will continue to work with federal, state, and local officials to keep the continuity of business intact while taking into account the serious public health consequences of COVID-19.
The Federal Government passed the CARES Act to support small businesses including agriculture. Below is information on the Act.

USDA Coronavirus Food Assistance Program

Applications Open May 26, 2020

This week, President Trump announced details of the Coronavirus Food Assistance Program (CFAP). This program will provide direct relief to producers who faced price declines and additional marketing costs due to COVID-19.
Applications for CFAP assistance will open Tuesday, May 26, 2020.
We encourage livestock producers who are looking to apply for assistance to refer to the farmers.gov/cfap website to learn more about the application process and begin gathering and understanding their farm’s recent sales and inventory.
Once the application period opens, please call your USDA Farm Service Agency (FSA) county office to schedule an appointment.

 

Assistance for Small Businesses Available Through the CARES Act

Colorado Livestock Association urges livestock producers to consult with their accountant, tax preparer and/or financial advisor to apply for PPP and EIDL.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act:
  • Allocated $350 billion to help small businesses keep workers employed.
  • Includes self-employed and independent contractors.
  • Paycheck Production Program (PPP) provides 100% federally guaranteed loans.
  • Loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
  • Guidelines about the program are available here.
Consult with your accountant and lender:
  • You can apply through any existing SBA 7(a) lender or federally insured depository institution, federally insured credit union, or Farm Credit System participating in PPP.
  • All lenders have been made SBA loan providers, but not all are participating. Consult with your local lender to see if they are participating.
  • Locate institutional SBA Lenders here.
What you need to know
  • Small businesses (including farms) who have fewer than 500 employees are eligible for the program.
  • The program is open until June 30, 2020. However, borrowers are advised to apply as soon as possible given the loan cap on the program.
  • Small businesses and sole proprietors eligible to apply beginning April 3, 2020.
  • Independent contractors and self-employed individuals eligible to apply beginning April 10, 2020.
Other Resources for checking eligibility and preparing to file for a loan:
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, accounting, or financial advice.
Source: Colorado Corn Growers Association

 

COVID-19 Workplace Health Resources

Below is a list of resources for farms and ranches to utilize:

 

SBA: Delivering Support to Colorado Producers

by Dan Nordberg and Frances Padilla

The devastating impact of Coronavirus (COVID-19) has tested the will of millions of agricultural businesses and farms throughout rural communities all over our nation, but help is on the way. Congress recently passed an extension of the Paycheck Protection Program (PPP) which includes over $310 billion in new funding to help small businesses and agricultural related industries support their payroll costs.

This program is one of the largest economic recovery efforts in our nation’s history and was built in just seven short days, a true testament to the American spirit and demonstration of what is possible when we come together to serve a higher cause. By leveraging the power of private lenders, the PPP provides businesses with the capital and certainty they need to retain their employees and continue serving our communities.

Read the rest of the article by clicking here.

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