Ag News: Paycheck Protection Program for Ag
**The Small Business Administration, and the Treasury Department, posted a revised Paycheck Protection Program loan forgiveness application, as well as a new EZ version that agricultural borrowers can use.
The EZ application applies to borrowers who are self-employed and have no employees, OR did not reduce the salaries or wages of their employees by more than 25%.
It’s also for borrowers who haven’t reduced the number or hours of their employees, or experienced COVID-related reductions in business activity.
**Ag Secretary Sonny Perdue and FDA Commissioner, Dr. Stephen Hahn, are questioning food export restrictions pertaining to COVID-19.
Perdue tells agrimarketing.com, the U.S. understands the concerns of consumers domestically and around the world who want to know that producers, processors and regulators are taking every necessary food safety precaution, BUT, efforts by some countries to restrict global food exports due to COVID-19 are not consistent with the known science.
He says there’s no evidence people can contract COVID-19 from food or from food packaging.
**A new Digital Agricultural Fellowship program at the University of California, Riverside, will employ artificial intelligence to tackle farming problems.
Specifically, the program will gather and analyze data involving drought issues and pest problems in the Colorado River Basin and Salinas River Valley.
The university received a $10 million federal grant last week to jumpstart the program.