Assistance Programs


Updated 10/6/21

LEDA Recovery Grants
The New Mexico Finance Authority is administering the LEDA Recovery Grants program on the behalf of the New Mexico Economic Development Department. The LEDA Recovery Grants provide grant funding to New Mexico small businesses that are experiencing financial hardships due to the pandemic. For more information, please visit https://www.nmfinance.com/leda-recovery-grants/

Coronavirus Food Assistance Program 2 (CFAP 2)
The Coronavirus Food Assistance Program 2 (CFAP2) assists agricultural producers who were affected by the coronavirus pandemic. USDA is accepting applications from all eligible producers through October 12, 2021. Please contact your local FSA office if you would like assistance when applying for CFAP 2. For more information, please visit https://www.farmers.gov/cfap

USDA Agricultural Marketing Service Pandemic Response and Safety Grant Program
The Pandemic Response and Safety (PRS) Grant Program provides grants to food processors, distributors, farmers markets, and producers to respond to coronavirus, including for measures to protect workers against novel coronavirus 2019 (COVID–19). Approximately $650 million is available to fund applications through the PRS Grant Program. The application period opens in early October 2021 and closes 45 days from the application period open date. For more information please visit https://usda-prs.grantsolutions.gov/usda.

USDA’s Farm Service Agency Microloans
The Farm Service Agency (FSA) developed the microloan program to assist beginning, unique, and small to mid-sized family farm operations with their financial needs. These microloans are beneficial for farmers that often face limited financing options. FSA offers two types of microloans: direct farm ownership and direct farm operating microloans. Eligible applicants may apply for both microloans. 
For more information, please visit https://www.fsa.usda.gov/programs-and-services/farm-loan-programs/microloans/index

Pandemic Assistance for Timber Harvesters and Haulers Program
The Pandemic Assistance for Timber Harvesters and Haulers program (PATHH) is a new program part of USDA’s Pandemic Assistance for Producers initiative. PATHH provides financial relief to timber harvesting and timber hauling businesses that experienced losses in 2020 due to COVID-19. For more information, please visit https://www.farmers.gov/coronavirus/pandemic-assistance/pathh

Pandemic Livestock Indemnity Program
The Pandemic Livestock Indemnity Program (PLIP) is a new program part of USDA’s Pandemic Assistance for Producers initiative. PLIP provides financial relief for swine, chicken, or poultry producers who experienced losses and costs associated with depopulation due to COIVD-19. For more information, please visit https://www.farmers.gov/coronavirus/pandemic-assistance/plip 

Dumped Milk
For 2020 and 2021 calendar years, Risk Management Agency is allowing Approved Insurance Providers to count dumped milk toward the milk marketings for the Dairy Revenue Protection or actual marketings for the Livestock Gross Margin for Dairy programs regardless of whether the milk was sold.  For more information, please visit https://www.farmers.gov/coronavirus

Crop Insurance Flexibilities
USDA’s Risk Management Agency is working with insurance providers to provide additional flexibilities in response to COVID-19. Producers can continue to work with their Approved Insurance Providers (AIPs), on policies, claims, and agreements. Farmers with crop insurance questions or needs should continue to contact their insurance agents about conducting business by telephone or email. For more information, please visit https://www.farmers.gov/coronavirus

Farm Loan Flexibilities
USDA’s Farm Service Agency is providing additional flexibilities to provide producers with credit options in response to the coronavirus pandemic. For more information, please visit https://www.farmers.gov/coronavirus

Commodity Loan Flexibilities
Producers now have more time to repay Farm Service Agency Marketing Assistance Loans (MAL), as part of the U.S. Department of Agriculture’s implementation of the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. The loans now mature at 12 months rather than nine, and this flexibility is available for most commodities. For more information, please visit https://www.farmers.gov/coronavirus

Crop Acreage Reporting
Acreage reporting is key to eligibility for many USDA programs, including crop insurance, safety net, disaster assistance, farm loan, and conservation programs. Farm Service Agency (FSA) will work with producers to file timely acreage reports by phone, email, online tools, and virtual meetings. Please contact your local FSA office, as some are accepting in-person appointments. For more information, please visit https://www.farmers.gov/coronavirus

Animal Mortality
While support for livestock is available through the Coronavirus Food Assistance Program in some circumstances, limited markets and processing may cause livestock producers to depopulate herds. USDA NRCS offers assistance through the Environmental Quality Incentives Program to help agricultural producers properly dispose of livestock that were depopulated because of impacts from the coronavirus pandemic. For more information, please visit https://www.farmers.gov/coronavirus

Paycheck Protection Program (PPP) Loan Forgiveness
The Small Business Administration (SBA), Paycheck Protection Program (PPP) is now closed. However, borrowers may be eligible for PPP loan forgiveness. A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. Borrowers can apply for forgiveness any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred, and borrowers will begin making loan payments to their PPP lender. For more information, please visit https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program/ppp-loan-forgiveness

Economic Injury Disaster Loan
In response to the Coronavirus (COVID-19) pandemic, small business owners, including agricultural businesses, and non-profit organizations are able to apply for the COVID-19 Economic Injury Disaster Loan (EIDL). EIDL is designed to meet financial obligations and operating expenses that could have been met had the disaster not occurred. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as payroll, rent, utilities, and other ordinary business expenses. For more information, please visit https://www.sba.gov/funding-programs/loans/covid-19-relief-options/eidl/covid-19-eidl

SBA Debt Relief
SBA is offering debt relief to existing SBA loan borrowers whose businesses have been impacted by COVID-19. As part of our coronavirus debt relief efforts, the SBA will pay six months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans reported in regular servicing status (excluding Paycheck Protection Program loans). For more information, please visit https://www.sba.gov/funding-programs/loans/covid-19-relief-options/sba-debt-relief

Additional Resources:

Farm Credit Administration
https://www.fca.gov/about/coronavirus-covid-19

Farmers Legal Action Group
http://www.flaginc.org/covid-19-guide/

New Mexico Economic Development Department
https://gonm.biz/about-us/covid-19-response

USDA – Farm Service Agency (New Mexico Office)
https://www.fsa.usda.gov/state-offices/New-Mexico/index

USDA – Natural Resource Conservation Service (New Mexico Office)
www.nm.nrcs.usda.gov

USDA – Rural Development Response
https://www.rd.usda.gov/coronavirus

USDA – Risk Management Agency
https://www.rma.usda.gov/en/News-Room/Continuing-Interest/Coronavirus-Resources