Episode 19: P3 and EIDL Updates

Broadcast date: 
April 10, 2020

Show Notes:

In this episode, we share updates to the Paycheck Protection Program (P3) and Economic Injury Disaster Loan (EIDL) as of April 9th, 2020. You'll hear clarifications about accounting for the seasonal pay of farm workers and considerations for reporting self-employment income to maximize your loan amout, as well as insights into what portion of federal payroll taxes can and cannot be included in your P3 loan request. We wrap up on a hopeful note regarding the possibility of increased funds to the P3 pot of money, and the potential for expanding EIDL eligibility to farmers (Update: Farmers/ranchers are eligible for EIDL as of April 24th, 2020).

For the most up-to-date information on these programs, watch the tutorials below:

Disclaimer: We are working hard and fast to get information together about COVID-19 related programs to share with the farming community as quickly and accurately as possible. Please note that things are rapidly shifting during this time and what was accurate info 2 days or 2 weeks ago may not be accurate tomorrow. As such, please look for our most recent updated information on all COVID-19 issues. As always, the above communications are delivered for educational purposes only and do not constitute the rendering of legal advice.

About this Resource

Farm Operation:
Direct to Consumer
Document Type:
Audio / Visual
Legal Subject:

Remember...

These resources are provided by Farm Commons for educational and informational purposes only and are not legal counseling. No attorney-client relationship is created, nor is there any offer to provide legal services by the distribution of these publications. Always consult an attorney before relying on the information in these resources.

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