DEADLINE: Schedule F, PPP Loan – March 31
All farmers and ranchers who file a Schedule F (even those with no employees) can apply for a PPP loan.
The current application deadline is March 31, 2021.
Example: $50,000 gross farm income eligible for $10,416 PPP loan – – – $100,000 and above gross farm income eligible for $20,833 loan.
The entire amount of the loan is eligible for forgiveness as ownership compensation share.
For additional details contact the authors or an area farm management specialist.