Governor Bill Lee said Tennessee farmers projected $450 million in losses. How much of that do bridge payments cover?

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At Illinois projections of $35-40 per acre (and Tennessee would be similar), bridge payments help cash flow but don't cover full losses. Ed Elfman of the American Bankers Association told AgWeb: "Any aid will help. It'll help make cash flow work a little better" but acknowledged it doesn't address underlying problems. Tennessee soybean farmers alone faced projected losses of $110 million according to University of Tennessee estimates. The $155,000 cap means large operations can't recoup proportional losses. Payments are a bridge, not full compensation.

Governor Bill Lee said Tennessee farmers projected $450 million in losses. How much of that do bridge payments cover?

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