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Farm Bureau Asks Congress to Act Quickly on PPP Fix
USAgNet - 12/15/2020 The American Farm Bureau Federation is asking Congress to tweak the Paycheck Protection Program to ensure farmers and ranchers don t have to pay taxes on their forgiven PPP loans. The PPP is providing vital working capital to farmers and ranchers who are struggling to remain operational due to the impacts of the global pandemic. The resources provided by the program are helping to maintain viability of American agricultural production
by providing farmers and ranchers funds to assist in paying wages, rent, mortgage interest and utilities, AFBF President Zippy Duvall noted in a letter to Congress.