Hagedorn introduces PPP Flexibility for Farmers and Ranchers Act

Hagedorn introduces PPP Flexibility for Farmers and Ranchers Act

A member of the House Ag Committee has introduced legislation to provide farmers more flexibility when utilizing the Paycheck Protection Program.

Minnesota Republican Jim Hagedorn tells Brownfield his bill would allow farms and ranches categorized as partnerships, like LLC’s, to use gross income when calculating maximum PPP loan amounts.

“I mean the whole concept here is to make sure that we can sustain our businesses, including our farms, farmers, and agribusinesses throughout this pandemic.

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