Yale School of Management

Posts by Critical Industry

USDA Announces $14 Billion in Aid to Farmers

September 23, 2020
YPFS
The United States Department of Agriculture (USDA) announced on September 18 that a second tranche of approximately $14 billion in federal aid will be made available to agricultural producers struggling as a result of the ongoing COVID-19 pandemic. The Coronavirus Food Assistance Program (CFAP 2) provides direct support to farmers facing significant price declines. Continue reading “USDA Announces $14 Billion in Aid to Farmers”

US Treasury Extends $700 Million Loan to YRC Worldwide Inc. under CARES Act Provision

July 1, 2020
On July 1, the US Treasury announced it would make a $700 million loan to YRC Worldwide Inc., a heavyweight equipment transportation company that was deemed by the US Secretary of Defense to be critical to national security. Treasury will receive a 29.6% equity stake in the company in connection with the loan. Continue reading “US Treasury Extends $700 Million Loan to YRC Worldwide Inc. under CARES Act Provision”