The U.S. Department of Agriculture will begin accepting applications for $10 billion in market-based assistance as announced by Sen. John Hoeven, R-N.D., on March 18. The Emergency Commodity Assistance Program will help eligible producers cope with losses from natural disasters and low commodity prices, as stated in a Federal Register document.
Payments from the program will start by March 21, 2025, with initial payments covering 85% of the total, according to Hoeven. The senator emphasized the need for a new farm bill to avoid reliance on ad-hoc disaster assistance and support farmers effectively.
