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CDFA Food and Agriculture Finance Update - April 14, 2020

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CDFA Food and Agriculture Finance Update
April 14, 2020
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CDFA Food & Agriculture Finance Update

Features

CDFA Announces the Food Systems Finance Webinar Series
CDFA is pleased to announce the CDFA Food Systems Finance Webinar Series, a free, exclusive online series connecting businesses and projects within the food system to a variety of development finance tools. Join us on April 16, 2020, for the first installment of this series, where we will explore the impacts of COVID-19 on the food system and the creative financing efforts being launched to support our local food economies during this time of unprecedented crisis.

Small Business Relief Tracker: Funding, Grants, and Resources for Business Owners
In an effort to help business owners find financial relief, Forbes has rounded up all of the government agencies, private companies and nonprofit organizations that are extending support.

COVID-19 Is Pushing Our Food System to Its Limits
At the highest level, this pandemic has revealed the shortcomings of our food industry, or rather our ability to ensure the economic security of our food workers during a crisis. Without immediate, short-term financial relief to address disrupted demand from coronavirus containment efforts, farmers risk revenue loss that is impossible to recover from.

What The $2T Stimulus Package Means For The Food System
A number of stimulus provisions are aimed at helping producers and workers throughout the food supply chain, from agricultural producers to restaurant workers, but small and independent restaurant owners say they've been left out of the stimulus package altogether.

COVID-19 Federal Rural Resource Guide
USDA and its Federal partners have programs that can be used to provide immediate and long-term assistance to rural communities affected by the COVID-19 outbreak. This resource matrix organizes funding opportunities identified in the CARES Act and other federal resources that can help support rural America.

Food Waste from Farms in the Coronavirus Pandemic
With restaurants, hotels, and schools closed, many of the nation's largest farms are having to dump or destroy millions of pounds of fresh goods that they can no longer sell.

OFN Announces 'Grow With Google' Small Business Fund
The Opportunity Finance Network announced that we are working with Google to launch the Grow with Google Small Business Fund. The $125 million fund will deliver responsible financing to CDFIs to help thousands of small businesses and nonprofits hardest hit by the COVID-19 pandemic. In addition, Google will make a $5 million grant to OFN to help CDFIs to grow and build their capacity.

CDFA Publishes COVID-19 Resource Center, Will Host Weekly Briefings
CDFA developed the COVID-19 Resource Center to serve as a central hub of everything the development finance world is doing to mitigate the impacts of COVID-19. CDFA's Weekly Development Finance COVID-19 Briefings will highlight these mitigation and recovery efforts.

Upcoming Events
Intro Property Assessed Clean Energy (PACE) Finance WebCourse

CDFA-ARI Rural Finance Webinar Series: COVID-19 Response Resources for Local Leaders
Wednesday, April 15, 2020 - 1:00 PM - 2:30 PM Central
During the first installment of the CDFA-ARI Rural Finance Webinar Series, we will explore the immediate response and resources at the state, local, and national levels that local leaders can use to reduce the impact of this crisis.

CDFA Food Systems Finance Webinar Series: Disaster Recovery for the Food System
Thursday, April 16, 2020 - 2:00 PM Eastern
During the first installment of the CDFA Food Systems Finance Webinar Series, we will explore creative financing efforts being launched to support our local food economies during this time of unprecedented crisis.

CDFA // BNY Mellon Development Finance Webcast Series: The Performance of Social Impact Bonds
Tuesday, April 21, 2020 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we will explore if the performance of Social Impact Bonds (SIBs) is living up to the hype and how SIBs can be used as a powerful tool for community development.

Food & Agriculture Finance News

Coronavirus Has Broken America's Food Supply
The American Prospect | Apr. 13 | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance | COVID-19

Farmers Markets Now 'Essential' in San Diego, CA
CBS | Apr. 12 | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance | COVID-19

750+ Orgs Calling on USDA to Provide Direct Aid to Farmers That Rely on Local Markets
National Sustainable Agriculture Coalition | Apr. 9 | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance | Legislative | U.S. Dept. of Agriculture (USDA) | COVID-19

Millions of Low-Income Children Still Waiting for Federal Food Aid
CNN | Apr. 9 | Disaster Recovery & Relief | Federal | Food Systems Finance | COVID-19

Minnesota Disaster Recovery Loan Program Now Available to Farmers for COVID-19 Damages
West Central Tribune | Apr. 7 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance | Rural Development | State Finance Program | General Loan Programs | COVID-19 | Programs | Ag Finance | State Rural Financing Program

Congress' Relief Money Another 'Unprecedented' Aid Package for Farmers
Politico | Mar. 30 | Agriculture Finance | Disaster Recovery & Relief | Federal | Food Systems Finance | COVID-19

CARES Act Paycheck Protection Program
National Law Review | Mar. 29 | Disaster Recovery & Relief | Food Systems Finance | Legislative | COVID-19

A Closer Look at Farmer Relief in the Pandemic Aid Package
National Sustainable Agriculture Coalition | Mar. 26 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance | COVID-19

Small Farms and Independent Restaurants Rally for Economic Relief
Civil Eats | Mar. 24 | Disaster Recovery & Relief | Federal | Food Systems Finance | COVID-19

USDA Implements Measures to Help Affected Rural Residents, Businesses, Communities
U.S. Department of Agriculture | Mar. 24 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Economic Development | Federal | Food Systems Finance | Rural Development | U.S. Dept. of Agriculture (USDA) | COVID-19

Study Estimates $7.6T Economic Impact of Food & Ag
Feeding the Economy | Mar. 23 | Agriculture Finance | Food Systems Finance

Supporting Small-to-Midsized Agriculture and Localized Food Distribution During COVID-19
Food System 6 | Mar. 23 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance | COVID-19

$500K Loan Fund Created for Food Businesses in Battle Creek, MI
Battle Creek Enquirer | Mar. 20 | Access to Capital | Disaster Recovery & Relief | Food Systems Finance | COVID-19

KS Starts Loan Program to Aid Bars, Restaurants, Motels
Salina Post | Mar. 20 | Access to Capital | Disaster Recovery & Relief | Food Systems Finance | Revolving Loan Funds (RLFs) | State Finance Program | COVID-19

Bodegas and Corner Stores Are Part of Crisis Response — They're Also Uniquely Vulnerable
Next City | Mar. 19 | Access to Capital | Disaster Recovery & Relief | Food Systems Finance | COVID-19 | SBA 7(a) Loan Program

How U.S. Chicken Giant Producers Control Farmers
The Guardian | Mar. 19 | Agriculture Finance | Food Systems Finance

MT Announces Over $850K in Grants and Loan Awards for Ag Program
Tri-State Livestock News | Mar. 19 | Access to Capital | Agriculture Finance | Food Systems Finance | Revolving Loan Funds (RLFs) | Programs

La Cantinita, IL Seeks TIF Assistance to Complete Downtown Project
The Register Mail | Mar. 16 | Food Systems Finance | Tax Increment Finance (TIF)

State of MA Providing $10M Coronavirus Relief Fund for Small Businesses
WCVB 5 | Mar. 16 | Access to Capital | Disaster Recovery & Relief | Food Systems Finance | Revolving Loan Funds (RLFs) | State Finance Program | COVID-19

$19M NC Development Plan Built Around Distillery, Public Greenway
The Mountaineer | Mar. 11 | Food Systems Finance | Public-Private Partnership (P3) Financing | Case Studies | Case Studies


CDFA Publications

COVID-19 Federal Rural Resource Guide
Access to Capital | Agriculture Finance | Community Development | Disaster Recovery & Relief | Energy Finance | Food Systems Finance | Infrastructure Finance | Revolving Loan Funds (RLFs) | Resiliency | Rural Development | Water Finance
USDA and its Federal partners have programs that can be used to provide immediate and long-term assistance to rural communities affected by the COVID-19 outbreak. This resource matrix organizes funding opportunities identified in the CARES Act and other federal resources that can help support rural America.

CARES Act Supplemental Appropriations Summary
Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Energy Finance | Housing Finance | Infrastructure Finance | Legislative | Rural Development | Social Finance | Tribal Finance | Water Finance
This is a Summary of the Supplemental Appropriations included in the Senate's third COVID-19 Stimulus package, the CARES Act. More than 80% of the total $339.855 billion provided in the emergency supplemental appropriations goes to state and local governments and communities.

COVID-19: Comprehensive Recovery Strategy
Access to Capital | Agriculture Finance | Bond Finance | Community Development | Disaster Recovery & Relief | Economic Development | Federal | Housing Finance | Infrastructure Finance | Legislative | Resiliency | Revolving Loan Funds (RLFs) | Rural Development | State Small Business Credit Initiative (SSBCI)
Based on the input of our 500+ members, CDFA has developed a set of policy proposals that would allow state and local governments, through development finance agencies, to be immediate problem solvers that can help alleviate the extreme economic challenges facing small businesses and communities to put America securely on the path to recovery.


The Council of Development Finance Agencies (CDFA) is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information, visit www.CDFA.net or email info@cdfa.net.


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net

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