OKLAHOMA CITY, Okla. — It is Oklahoma Cattlemen’s Association’s understanding that farms and ranches are considered small business. Therefore, if you sold cattle this week, compare that to what the same weight of cattle would have brought two to four weeks ago and report the difference. See details below.
Oklahoma has applied for the SBA disaster declaration, which is different from the state of emergency declaration. In order for Oklahoma to receive the declaration and be eligible for assistance, small businesses, including ag businesses, need to report their losses.
This can normally be done on SBA’s website, but their site is currently down. In the meantime, Oklahoma has its own site where businesses are highly encouraged to report financial losses from COVID-19— www.damage.ok.gov. Oklahoma needs 5 businesses to declare loss in order to receive the disaster declaration. Then, we need one business per county to report in order for the county to be declared. Once a county is declared, the counties contiguous will also be declared.
— Oklahoma Cattlemen’s Association
For more articles out of Oklahoma, click here.