Estimated ERP Phase 2 Payouts
USDA assumes that $1.504 billion of ERP Phase 2 claims will be filed by July 14. We believe the final number will be much lower and review how we arrive at our numbers.
USDA estimated $1.504 billion of claims for ERP Phase 2, but only budgeted $1.2 billion. They also estimated $2.662 billion of PARP claims but only budgeted $250 million.
In the attached audio recording, we review how much we think the actual final claims might be for ERP Phase 2 and PARP. We believe the final numbers will be lower than their projections. We will keep you posted.
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