[Listen] Kent Thiesse Payment Protection Program One and Two

The Payment Protection Program (PPP) which is administrated by the Small Business Administration (SBA) was part of one of the COVID-19 aid bills passed by Congress and signed into law by President Trump. Many farmers did not qualify because it was based on farm profit. Because of low prices and yields many farmers did not make any money. Then the rules were changed and farmers qualified for the maximum amount if they grossed more than $100,000.

Then, for the PPP round two many farmers qualified if their income was down more than 25 percent in any quarter in 2020 compared to the same quarter in 2019. The catch is that the PPP loan round one must be forgiven before you can apply for round two. Plus the PPP round one forgivable loan must be in place about 60 days before it can be forgiven. That first loan must be officially forgiven before you can apply for the second round if you qualify.

KENT PPP

Fortunately all ag lenders are aware of the PPP and know how it works so they can help farmers with the procedures. Click on the link and listen to ag analyst Kent Thiesse talk about PPP round one and two.

The 25 Best Places to Live in Minnesota

Stacker compiled a list of the best places to live in Minnesota using data from Niche. Niche ranks places to live based on a variety of factors including cost of living, schools, health care, recreation, and weather. Cities, suburbs, and towns were included. Listings and images are from realtor.com.

On the list, there's a robust mix of offerings from great schools and nightlife to high walkability and public parks. Some areas have enjoyed rapid growth thanks to new businesses moving to the area, while others offer glimpses into area history with well-preserved architecture and museums. Keep reading to see if your hometown made the list.

Categories: Local News