Ivey Awards $26M in CARES Act Funds to Alabama Agriculture Stabilization Program

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Alabama Gov. Kay Ivey on Wednesday awarded $26 million of the Coronavirus Relief Fund to the Alabama Agriculture Stabilization Program.

“Agriculture has an economic impact of over $70 billion in the state of Alabama,” Ivey said in a statement. “I know firsthand how hard our farmers work each day, and they are without a doubt a major part of who we are in Alabama. Due to COVID-19, numerous farms and processing facilities have struggled to remain open and sell their products. Establishing the Alabama Agriculture Stabilization Program is not only the right thing to do to protect our farmers, but it also key to stabilizing Alabama’s economy.”

The Alabama Agriculture Stabilization Program will be administered through the Alabama Department of Agriculture and Industries and will be allocated to the following:

  1. Direct Payment Business Stabilization Grants to Cattle Producers- $10.5 million
  2. Meat Processing Plant Reimbursement Program- $1.5 million
  3. Poultry Farmer Stabilization Grant Program- $4 million
  4. Catfish Processor Reimbursement Program- $500,000
  5. Fruit & Vegetable Processor Reimbursement Program- $500,000
  6. State Supplemental CFAP Grant Program- $8 million
  7. Nursery Grower Reimbursement Program- $1 million

Alabama received about $1.9 billion of federal Coronavirus Aid, Relief, and Economic Security Act funding to respond to and mitigate COVID-19. Alabama Act 2020-199 designated up to $300 million of the Coronavirus Relief Fund to be used to support residents, businesses, and nonprofit and faith-based organizations of the state directly impacted by the coronavirus pandemic.

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