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Aug. 26, 2020Des Moines, Iowa |  By: AP

Iowa spends $100M in federal funds for farmer, ag programs


DES MOINES, Iowa (AP) - Iowa Gov. Kim Reynolds says she is allocating $100 million in federal funds to help livestock producers, the biofuels industry, beginning farmers and small-scale meat processors recover from the coronavirus pandemic.

As many Iowa farmers deal with the impact of a massive storm and continue to suffer from lower demand for corn and soybeans and extremely low prices, Reynolds says she will use money from the federal CARES Act to programs to help agriculture related businesses and farmers.

Included is $60 million to provide grants to eligible producers of pork, beef, chicken, turkeys, dairy, fish or sheep to serve as working capital to stabilize livestock producers.