By Kirk Maltais


U.S. farmers impacted by the coronavirus pandemic will receive additional aids payments totaling at least $2.6 billion, the Department of Agriculture confirmed.

In a notice issued Tuesday, the USDA said that it is allocating the funds to agricultural producers that may have been missed in previous aid, as well as continuing to help sectors that have been hurt most by the pandemic.

According to the USDA, biofuels producers are in line to receive $700 million, while small timber-harvesting businesses are up for $200 million in payments. Dairy farmers are in line to receive additional funding as well.

An unspecified amount of aid is scheduled to go to livestock producers, including those that were forced to euthanize animals due to the pandemic's impact on the economy in 2020.

The USDA says that since January, the agency has dispersed more than $11 billion in aid payments to U.S. agricultural producers.


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(END) Dow Jones Newswires

June 15, 2021 09:56 ET (13:56 GMT)

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