lThere are many who question the decisions of US policy makers but have a look at these statistics. The current COVID-19 pandemic has sent shockwaves through economies around the world, with the US suffering explosive death rates. But the response time of this pandemic compared to the 2008 economic collapse is 14.2 times faster. Both the US Congress and the White House have responded with PPP, the Payroll Protection Plan and SBA loans.
Agriculture will be defined as small businesses and this means the US farmers are getting cash in their accounts. The focus of policy makers is now to decide conditions, as well as speed of restarting the economy. Clearly, fear of a massive economic meltdown that could damage airlines, hotels and restaurants as well as damage agriculture and international trade – all supply chains have been disrupted or damaged. But the speed at which leaders are responding is, shockingly fast. Who would have thought such a speed response was possible.