As part of the 2019 farm bill, the United States Department of Agriculture (USDA) has provided a bonus payment to farmers. This bonus, referred to as 75189, provides a financial boost to producers and is different from other farm subsidies. By understanding the details behind 75189 and the positive benefits it can have on farmers, producers can better plan and prioritize their farming operations.
The 75189 USDA bonus is a one-time payment of up to $75,000. This money is paid to farmers within a year of enrolling in the program and can be used for various costs, such as repaying debt, buying seed or new equipment and bolstering on-farm laboratory testing.
The bonus payment is also geared towards creating value-added products. This means that it can be used to invest in projects that add value to the crops that a farm produces or use value-added products, such as cheese, flour or yogurt, as a way to bring in additional income. This benefit of the bonus allows farmers to diversify their business and create an additional value-added product to their operation.
Furthermore, the 75189 bonus program doesn’t come with the same processing requirements as traditional farm subsidies, making it easier for farmers to access the money. This means that farmers don’t need to meet rigorous requirements in order to be eligible for the payment, which significantly reduces the time and effort that they must spend in applying for it.
Overall, the 75189 bonus program from the USDA is a great way for farmers to access additional funds for their operations and can potentially generate additional income for them. By using the money to invest in projects that add value to their operations, farmers can increase their profitability and have more options when it comes to their farming operations.