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IOWA'S GOV. REYNOLDS ANNOUNCES REMAINING $100 MILLION OF CARES ACT FUNDS FOR FARMERS, BIOFUELS PRODUCERS
Source: Iowa Corn Growers Assn news release

Johnston, IA - Today, Governor Reynolds announced the additional allocation of Iowa's funds from the federal CARES Act of $100 million with many of the dollars available to assist and support Iowa's agricultural economy.

"ICGA is thankful and commends Governor Reynolds on her finding new avenues to support our state's farmers and biofuels producers; every bit of help is needed," said Iowa Corn Growers Association President and farmer from Monticello Jim Greif. "2020 has been a trying year with the lowest corn prices in over a decade, trade disputes, attacks on the Renewable Fuels Standard, and pending small refinery waivers all while navigating a global pandemic. This additional funding is welcome news this week."

ICGA advocated for the following CARES Act funds:
+/- $60 million for livestock producers, the majority for owners, a small amount for contract producers
+/- $15.5 million for biofuels producers
+/- $6 million for beginning farmer assistance
+/- $2.5 million for meat processors
+/- 500,000 for specialty crops

For more information on the programs, contact the Iowa Economic Development Authority at https://www.iowaeconomicdevelopment.com/.


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