USDA Details Commodity Economic Assistance Program

Mar 19, 2025

The U.S. Department of Agriculture announced today that starting on March 19 farmers can apply for the Emergency Commodity Assistance Program. Corn growers are eligible for the program with a payment rate of $42.91 per acre for the 2024 crop year.

The new program was authorized by Congress through the American Relief Act, which passed in December. The economic assistance comes as growers are facing multiple years of low crop prices paired with high input costs.

“We appreciate USDA making economic assistance a priority and available to farmers who need it most,” said Mark Mueller, Iowa Corn Growers Association Vice President and farmer from Waverly, Iowa.

The sign-up period will run through August 15, and USDA will mail pre-filled applications to producers over the coming days. Growers can also go online, beginning tomorrow or to their local Farm Service Agency to complete the process.

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Video: Cheapest States to Buy Farmland in America

The United States has more than 895 million acres of farmland, which includes all rural land tied to farming operations, from highly fertile Midwest cornfields to vast grazing ranges in the West, as well as the undeveloped rural land, which is often sold as ranches, homesteads, or uncultivated lots. Nowadays investing in rural land is very lucrative even billionaires like Bill Gates, Jeff Bezos, and Warren Buffett have bought up thousands of acres of farmland across America. In contrast to investors, agricultural companies, and business moguls, some buy farmland for their own requisites, like starting a small farmstead, creating a cottage, and becoming self-resilient. In this video we have ranked the top cheapest states to buy farmland according to the per-acre land value, which is accumulated from the United States Department of Agriculture. The USDA’s per-acre land values come from an annual survey, which is cross-checked with actual sales data, appraisals, and market trends to ensure accuracy. So here are The top Cheapest States to Buy Farmland.