AGRICULTURE AND RURAL AMERICA

Letters and Testimonies

Letters to Congress

Title Recipient Date
Committee on Agriculture 06/14/21
U.S. House of Representatives 03/25/21
Senate Agriculture Committee 02/26/21
House Rules Committee 02/25/21
House, Senate Budget Committees 02/24/21
House, Senate Appropriations Committees 02/24/21
02/22/21
House, Senate Appropriations Subcommittees 12/04/20
Rep. Andy Barr 10/08/20
U.S. Senate Committee on Agriculture, Nutrition & Forestry 07/28/20

Letters to Regulators

Title Recipient Date
Farm Credit Administration 07/20/21
USDA 04/09/21
OMB 03/18/21
USDA, OMB 02/24/21
USDA 10/08/20
Governors 03/24/20
President Donald Trump 03/19/20
CEQ 03/10/20
U.S. Domestic Hemp Production Program 01/29/20
FDIC, Fed, OCC 12/16/19

Testimony

Title Committee Presenter Date
House Agriculture Committee Steven J. Handke 12/11/19
House Agriculture Subcommittee on Commodity Exchanges, Energy and Credit Written Statement 11/19/19

Ag News

Bill would expand farm partnership access to PPP

ICBA-supported legislation allowing farmers and ranchers categorized as partnerships to use gross income to calculate maximum Paycheck Protection Program loan amounts was introduced in the House.

Background: Farmers and ranchers without payroll or positive net income in 2019 were shut out of the original Paycheck Protection Program. Congress changed this limitation to be based on gross income, but SBA guidance has required farm partnership applicants to use net income from their schedule K-1.

Pending: A pending revision to the SBA's loan calculation formula for sole proprietors, independent contractors, and self-employed individuals will reportedly use gross income instead of net income. A bipartisan group of lawmakers last week told SBA it has the authority to use gross income for farm partnerships.

What's New: A bipartisan bill from Rep. Jim Hagedorn (R-Minn.) and others would allow the use of gross income and retroactively enable producers who used net income to recalculate their PPP loans if they have not been forgiven.

ICBA Position: ICBA has long advocated using gross income in lieu of net income to show positive income and allow these entities to qualify for the PPP.