The U.S. Department of Agriculture announced two new revenue-based disaster and pandemic programs, the Emergency Relief Program (ERP) Phase Two and the Pandemic Assistance Revenue Program (PARP) in January. With the deadline of June 2, 2023, quickly approaching, the agency has released a useful resource addressing myths or confusion around these programs. The USDA wants to make sure it is understood how to apply, what documents are required for participation, insurance requirements, and related misinformation spreading around all gets cleared up.
The USDA is offering its myth-busting for 5 common misconceptions:
- Myth #1 – You need to submit a completed tax return to FSA to apply for ERP Phase Two or PARP.
- Myth #2 – You cannot receive an ERP Phase Two payment if you received a payment under Phase One.
- Myth #3 – ERP Phase Two was intended to be an additional payment to those who received payment under Phase One.
- Myth #4 – The required insurance coverage for two years will cost more than your projected payments.
- Myth #5 – The application process is complicated.
Dive into the truth to get the complete picture of how these programs may be relevant to your farm.
Ready to apply? Complete these applications by June 2:
