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Farmers, Small Businesses Benefit From Paycheck Protection Program Changes

By Marlee Moore
 
Farmers and small businesses are benefiting from changes to the Paycheck Protection Program (PPP) signed into law Dec. 27 as part of the stimulus bill, or Consolidated Appropriations Act (CAA) of 2021.
 
Features include the New Farmer PPP Loan. Farm borrowers can calculate PPP loan amounts based on 2019 Schedule F gross receipts. The calculation is maxed at $100,000 of gross receipts.
 
This applies to farmers who did not receive PPP loans the first time and those who could receive larger loans thanks to the new provisions. If a 2020 loan was forgiven before Dec. 27, the farmer is not eligible to reapply for a larger amount.
 
Originally, farmers and businesses had to choose between PPP or Employee Retention Credit (ERC) loans. CAA 2021 allows retroactive participation in both.
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Early Fall Colors | Scenic Ontario Road Trip!

Video: Early Fall Colors | Scenic Ontario Road Trip!

All adventures must come to an end, but not without one more journey! Join The Wandering Shepherds as we say farewell to our cozy Calabogie cottage and take the scenic road trip home to Ewetopia Farms. Our first stop was a breathtaking hydroelectric generating station, framed by cliffs, rushing water, and brilliant fall leaves that seemed to have changed overnight. From there, we meandered along winding backroads through lakes and hills, soaking in the spectacular autumn scenery. This year, the colors seemed to arrive earlier than usual—perhaps due to the summer’s drought? Whatever the reason, it was an unforgettable display of Ontario’s fall beauty. Finally, our holiday drew to a close as we pulled back into Ewetopia Farms, ready to return to the sheep and our daily vlogs. But this trip reminded us how important it is to pause, explore, and appreciate the simple beauty around us.