USDA to provide $700 million in COVID-19 relief for biofuels

The USDA announced on June 15 it will provide $700 million in COVID-19 relief to biofuel producers as part of the Pandemic Assistance for Producers initiative. The agency said the programming is planned for implementation within 60 days and will focus on filling gaps in previous rounds of assistance and helping beginning, socially disadvantaged and small and medium sized producers that need support.

“USDA is honoring its commitment to get financial assistance to producers and critical agricultural businesses, especially those left out or underserved by previous COVID aid,” said Agriculture Secretary Tom Vilsack. “These investments through USDA Pandemic Assistance will help our food, agriculture and forestry sectors get back on track and plan for the future. Since January, USDA has provided more than $11 billion of assistance directly to producers and food and agriculture business.”