Farmers won't see coronavirus money until June as bankruptcies soar

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Farmers won't see coronavirus money until June as bankruptcies soar
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Struggling farmers and ranchers, many of whom have seen their markets collapse as the coronavirus pandemic upended supply chains, won't see coronavirus relief money until June — about two months after Congress appropriated the funds

Washington Struggling farmers and ranchers, many of whom have seen their markets collapse as the pandemic upended supply chains, won't see coronavirus relief money until June -- about two months after Congress appropriated the funds.

The US Department of Agriculture said this week that farmers can begin applying for the money next Tuesday. Secretary Sonny Perdue said he expects the checks to be sent a week to 10 days after a farmer signs up. Farmers who saw at least a 5% drop in price loss due to the pandemic will be eligible for payments worth up to $250,000.

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