• Skip to primary navigation
  • Skip to main content
Texas and Southwestern Cattle Raisers Association

Texas and Southwestern Cattle Raisers Association

To Honor and Protect the Ranching Way of Life

  • Home
  • Who We Are
    • Why Join
    • Leadership
    • Staff
    • TSCRA Partners
    • FAQs
    • Newsroom
    • Sponsorships
    • Employment
  • What We Do
    • Theft and Law
    • Issues and Policy
    • Education
    • Young Cattle Raisers
    • The Cattleman Magazine
    • Disaster Relief Fund
    • Cattle Raisers Insurance
    • Cattle Raisers Trading Co
    • Students and Youth
  • Events
    • Cattle Raisers Convention
    • Summer Meeting
    • Policy Conference
    • Ranch Gatherings
    • Ranching 101
  • Join
  • Member Center
  • TSCRA Store
  • Show Search
Hide Search

The view from Austin: More help for cattle producers coming

The biggest news of the week was Congress’ final passage of what people are calling CARES 2.0. The legislation, officially called the Paycheck Protection Program Increase Act of 2020, included funding for a variety of programs, but as the name implies, most was earmarked for the Paycheck Protection Program, which ran out of money a week ago.
The Paycheck Protection Program provides low-interest, forgivable loans for small businesses, including farms and ranches, who can use them to cover up to eight weeks of payroll costs. Anyone with 500 or fewer employees qualifies and 75% of the loan must be used for payroll, but the rest can be used for operational expenses.
Obviously, that only helps folks with a payroll, which leaves out many cattle producers. Still, we’ve seen plenty of ranchers and other ag producers take advantage of the program.
Our philosophy is to get as many tools out there as possible to help as wide a variety of producers as possible.
That’s where the Economic Injury Disaster Loan program is important. In addition to the Paycheck Protection Program replenishment, CARES 2.0 mandates that the Small Business Administration include ag producers in Economic Injury Disaster Loans. It’s broader and offers $10,000 advances for operational expenses that don’t have to be repaid. The same 500 or fewer employee requirement exists for eligibility.
More info on both programs is available at www.sba.gov.
At this moment, neither program is accepting applications since they are out of money, but once the CARES 2.0 funding comes online, they will be back open for applications on a first-come, first-serve basis. We expect that will happen quickly, so we will keep you posted in the daily update.
Also, USDA is still finalizing the rules for the Coronavirus Food Assistance Program. We expect that the program will come online soon as well and will provide additional information as soon as it’s available.
None of these programs are one size fits all but, having three more options in the toolbox is certainly a step in the right direction!
Until next time.
-Jeremy
Jeremy Fuchs is the director of public affairs for Texas and Southwestern Cattle Raisers Association.

Written by:
Jeremy Fuchs
Published on:
April 24, 2020

Categories: Cattle Raisers Blog, COVID-19, Issues & Policy, TSCRA Update

Recent Posts

U.S. drought monitor and summary report for March 28

March 31, 2023

This week's drought summary After the wet pattern continued in parts of the West this week, …

Continue Reading about U.S. drought monitor and summary report for March 28

Texas & Southwestern Cattle Raisers Association announces 2023 Cattle Raisers Roundup

March 30, 2023

Application now available for youth educational program Texas & Southwestern Cattle Raisers …

Continue Reading about Texas & Southwestern Cattle Raisers Association announces 2023 Cattle Raisers Roundup

Crime Watch: Cow missing near Pickton

March 30, 2023

Texas & Southwestern Cattle Raisers Association Special Ranger Bo Fox, District 12 in Northeast …

Continue Reading about Crime Watch: Cow missing near Pickton

Footer

Who We Are

Why Join
Leadership
Staff
TSCRA Partners
FAQs
Newsroom
Sponsorships
Employment

What We Do

Theft and Law
Issues and Policy
Education
Young Cattle Raisers
The Cattleman Magazine
Cattle Raisers Insurance
Cattle Raisers Trading Co.
Texas and Southwestern Cattle Raisers Association

Information

Cattle Raisers Blog
News Releases
Bereavements
Events
Media Kit
Tip Hotline
Get Involved
Links

Membership

Membership Center
Membership Center Instructions
Join
Renew
  • Email
  • Facebook
  • Instagram
  • Twitter
  • YouTube

PO BOX 101988
FORT WORTH, TX 76185

1-800-242-7820

© 2023 Texas & Southwestern Cattle Raisers Association; All Rights Reserved.

COPYRIGHT | PRIVACY POLICY | TERMS OF USE