The COVID-19 pandemic, and its associated market and supply chain disruptions, is presenting producers of all types and sizes with serious financial challenges. And these are often experienced on top of the financial hardships farms were already experiencing—be that healthcare costs, trade disruptions, or low commodity prices. That said, there are also new resources being made available to help farmers and other businesses weather the pandemic.
Please join us by computer or phone for an hour-long conversation with experts on state and federal programs aimed at helping farmers access the financial resources they need to keep farming through the pandemic and into future generations. Please also come with ideas for what policymakers and others can do to help your farm and your community succeed financially.
• Kent Thiesse – Farm Management Analyst and Sr. Vice President, MinnStar Bank
• Mark Wehe – Farm Business Management Instructor, South Central College
• Rachel Armstrong – Founder and Executive Director, Farm Commons
• Matt McDevitt – Finance & Budget, Rural Finance Authority (RFA) at the MN Department of Agriculture (MDA)
9:50 a.m. Zoom Meeting Room Opens
10 a.m. Stu Lourey introduces panel and goes over brief housekeeping notes
Panelists introduce themselves and their work (3 minutes each)
10:13 a.m. Questions from the participants with Stu moderating
10:45 a.m. Stu wraps up questions and hands it back to panelists for final thoughts (3 minutes each)
11 a.m. Conversation formally adjourns
11:10 a.m. Zoom call ends (leaving participants the opportunity to finish any side-conversations)
Expected topics (for the most part we’ll try to rely on questions from participants):
• How can farmers can access PPP, EIDL, and other loan programs made available to farmers through coronavirus stimulus package?
• How can farmers finance a shift to more profitable parts of their farm business?
• What can we expect from the USDA’s CFAP program and when?
• Are there things producers should be thinking about as they finish their 2019 taxes related to financing through 2020?
• What does the pandemic mean for transition the farm to the next generation?