An overview of the Paycheck Protection Program (PPP) loans and implications for agricultural enterprise recovery from COVID
In this policy and practice brief, we analyze the U.S. Paycheck Protection Program (PPP). The PPP provided loans to support businesses during the COVID-19 pandemic. Some businesses received timely relief from the PPP loans, while some were not able to acquire assistance. Production agriculture rece...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Lyson Center for Civic Agriculture and Food Systems
2021-10-01
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| Series: | Journal of Agriculture, Food Systems, and Community Development |
| Subjects: | |
| Online Access: | http://foodsystemsjournal.org/index.php/fsj/article/view/1026 |
| _version_ | 1797699833925992448 |
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| author | Iryna Demko Ana Claudia Sant’Anna Kathleen Liang |
| author_facet | Iryna Demko Ana Claudia Sant’Anna Kathleen Liang |
| author_sort | Iryna Demko |
| collection | DOAJ |
| description | In this policy and practice brief, we analyze the U.S. Paycheck Protection Program (PPP). The PPP provided loans to support businesses during the COVID-19 pandemic. Some businesses received timely relief from the PPP loans, while some were not able to acquire assistance. Production agriculture received 617,128 PPP loans totaling $17 billion.[1] The reach of PPP loans across the country was broad. In 80% of U.S. zip codes, at least one farm received a PPP loan. The average size of the loan in agriculture ($27,744) was substantially smaller than the national average ($74,156). The authors conducted interviews with PPP recipients and present some findings from those. The most recent data reveal challenges and opportunities for agricultural businesses, depending on their scale of operations and regional disparities. Community organizations working with small agriculture-related businesses need to be aware of various impacts while providing future assistance.
[1] All currencies are U.S. dollars. |
| first_indexed | 2024-03-12T04:14:34Z |
| format | Article |
| id | doaj.art-0052bb0e799d4a9ab6bc5cc9c3812c60 |
| institution | Directory Open Access Journal |
| issn | 2152-0801 |
| language | English |
| last_indexed | 2024-03-12T04:14:34Z |
| publishDate | 2021-10-01 |
| publisher | Lyson Center for Civic Agriculture and Food Systems |
| record_format | Article |
| series | Journal of Agriculture, Food Systems, and Community Development |
| spelling | doaj.art-0052bb0e799d4a9ab6bc5cc9c3812c602023-09-03T10:41:29ZengLyson Center for Civic Agriculture and Food SystemsJournal of Agriculture, Food Systems, and Community Development2152-08012021-10-0111110.5304/jafscd.2021.111.003An overview of the Paycheck Protection Program (PPP) loans and implications for agricultural enterprise recovery from COVIDIryna Demko0Ana Claudia Sant’Anna1Kathleen Liang2Cleveland State UniversityWest Virginia UniversityCenter for Environmental Farming Systems and North Carolina Agricultural and Technical State UniversityIn this policy and practice brief, we analyze the U.S. Paycheck Protection Program (PPP). The PPP provided loans to support businesses during the COVID-19 pandemic. Some businesses received timely relief from the PPP loans, while some were not able to acquire assistance. Production agriculture received 617,128 PPP loans totaling $17 billion.[1] The reach of PPP loans across the country was broad. In 80% of U.S. zip codes, at least one farm received a PPP loan. The average size of the loan in agriculture ($27,744) was substantially smaller than the national average ($74,156). The authors conducted interviews with PPP recipients and present some findings from those. The most recent data reveal challenges and opportunities for agricultural businesses, depending on their scale of operations and regional disparities. Community organizations working with small agriculture-related businesses need to be aware of various impacts while providing future assistance. [1] All currencies are U.S. dollars.http://foodsystemsjournal.org/index.php/fsj/article/view/1026Paycheck Protection Program (PPP)AgricultureEntrepreneurshipCOVID-19PandemicGovernmental Support |
| spellingShingle | Iryna Demko Ana Claudia Sant’Anna Kathleen Liang An overview of the Paycheck Protection Program (PPP) loans and implications for agricultural enterprise recovery from COVID Journal of Agriculture, Food Systems, and Community Development Paycheck Protection Program (PPP) Agriculture Entrepreneurship COVID-19 Pandemic Governmental Support |
| title | An overview of the Paycheck Protection Program (PPP) loans and implications for agricultural enterprise recovery from COVID |
| title_full | An overview of the Paycheck Protection Program (PPP) loans and implications for agricultural enterprise recovery from COVID |
| title_fullStr | An overview of the Paycheck Protection Program (PPP) loans and implications for agricultural enterprise recovery from COVID |
| title_full_unstemmed | An overview of the Paycheck Protection Program (PPP) loans and implications for agricultural enterprise recovery from COVID |
| title_short | An overview of the Paycheck Protection Program (PPP) loans and implications for agricultural enterprise recovery from COVID |
| title_sort | overview of the paycheck protection program ppp loans and implications for agricultural enterprise recovery from covid |
| topic | Paycheck Protection Program (PPP) Agriculture Entrepreneurship COVID-19 Pandemic Governmental Support |
| url | http://foodsystemsjournal.org/index.php/fsj/article/view/1026 |
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