V O L U M E 2 9
APRIL 2020
M O N TA N A
GRASS ROOTS work on behalf of membership at the community level and with our state and national legislators is what makes MFU truly a grassroots organization.
businesses, as well as assistance to the health care system. The USDA will receive $23.5 billion. This includes direct payments to farmers and ranchers of $9 billion, and $14 billion for the ComThe board of directors and staff modity Credit Program. Farmers participated in conference calls and ranchers, like all Americans, with Senators Tester and Daines, will also receive a direct payment Congressman Gianforte and to each individual that filed a tax Governor Bullock. Critical top- return with less than $75,000 adics were discussed that affect the justed gross income. Montana Farmers Union membership. President Walter Schweitzer The Small Business Administramoderated the calls. The board of tion will supervise the Paycheck directors asked a series of ques- Protection Program (PPP) and pertaining to the challenges producers are eligible. The PPP MFU BOARD TALKS TO tions farmers and ranchers are facing. will provide funding for up to 8 STATE LEADERS weeks of payroll costs including BY KIM MANGOLD CARES ACT benefits. Also, there is funding to D I R E C TO R O F G OV E R N M E N T assist with interest on mortgages, A F FA I R S Each call initially focused on the rent and utilities. PPP funds must Montana Farmers Union board $2 trillion CARES Act and the be applied for and are allocated has 10 directors who represent qualifying language and programs on a first come first serve basis. districts throughout the state. that affect agriculture and rural FDIC is implementing a 3-month They are farmers and ranchers Montana. The CARES Act pro- holiday on loan payments. Lowho know first-hand the strug- vides assistance to employees and cal banks and credit unions have gles producers are facing. Their businesses, including agriculture made a commitment to recognize NONPROFIT ORG US POSTAGE
PAID LIVINGSTON, MT PERMIT NO. 93
this loan holiday. Interested parties must contact their own bankers. Inverness rancher and board of director Jeff Bangs asked a question about further Market Facilitation Payments due to continuing trade issues. However, given the focus on COVID-19 and the CARES ACT, it did not sound like this is under current examination. Healthcare The two major issues discussed in every call involved the medical crisis and the financial crisis today. Jordan rancher and board of director Brett Dailey brought up concerns about our small rural hospitals and the lack of funding and staff to care for everyone during the peak of the coronavirus. C O N T I N U E D PA G E 4
IN THIS ISSUE.... - Tips to keep your mental health sharp - Economic impact of COVID-19 on cattle markets - Details of the CARES ACT as it relates to agriculture - Evaluating the history of agricultural exports