CFAP Program Applications

On April 20th, we told you about money Congress had appropriated to ag producers to help fight the economic effects of the COVID pandemic ( Yesterday morning, the USDA announced that beginning next Tuesday (May 26), producers who have suffered losses can begin submitting applications ( Some items to note: To complete your application, you will need… Read More

PPP Loan Forgiveness – New Legislation

Friends, The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation last night, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. The Senate approval sends the House bill, called the Paycheck Protection Flexibility Act, to President Donald… Read More

Current Federal and State Income Tax Deadlines

Friends, I hope this message finds you well.  As you likely know, the impact of COVID caused federal and state taxing authorities to extend most individual filing and payment deadlines beyond the April 15th deadline.  I have attached a summary of all federal and state income tax deadlines for your reference.   While most states have… Read More

PPP Loan Forgiveness Form Released by the SBA

Friends, On Friday, the SBA released an application form for PPP loan forgiveness, along with instructions for completing the form.  More specifically, this 11-page document contains the following: Instructions for completing the application A summary of costs eligible for forgiveness A PPP loan forgiveness calculation form Representations on behalf of the borrower Full-time equivalent calculation… Read More

Idaho Rebound Cash Grants for Small Businesses

Today, Governor Little announced cash grants for Idaho small businesses.  This “Rebound” program is designed to assist local business owners who have been adversely impacted by the state-mandated shutdown.  Below are a few highlights: Total Program: $300 million Individual Business Grant: up to $10,000 More than 30,000 Idaho small businesses supported Subject to qualification (eligibility… Read More

Additional Funding for COVID-19 Relief

The Senate on Tuesday approved $370 billion in additional funding as part of a new COVID-19 pandemic relief bill.  The Senate bill is designed to benefit small business owners in nearly every industry, including ranching and farming. “This bipartisan agreement will provide more…funding for the Paycheck Protection Program, which is already helping millions of small-business… Read More

Stimulus Money for the Ag Sector

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.26.3″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”] COVID Food Assistance Program (CFAP) Many of you have been asking when the federal government was going to offer stimulus money to the agricultural sector. Late last Friday, the USDA announced that it has $19B to assist… Read More