As previewed yesterday, the Administration announced the details of the $16 billion COVID-19 relief direct payment program – the Coronavirus Food Assistance Program (CFAP). Sign up will start on 26 May and the checks will start hitting mailboxes within about two weeks. The payment limit is $250,000 per producer – no per commodity limit. If there are two or three active partners, the limits are $500,000 and $750,000 respectively. USDA will make an initial payment of 80 percent of an eligible 2020 CFAP participant’s calculated payment. The initial payments are meant to provide quick cash flow assistance to those eligible and are at 80 percent to ensure that total payments do not exceed the $16 billion budget. ...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.