First Round of MFP 2.0 Payments Being Processed
Farmers should start receiving the first round of Market Facilitation Program payments very soon. According to USDA Farm Service Agency Administrator Richard Fordyce, the payment process began Wednesday for farmers with approved applications. “Over 200,000 applications have been received since sign up began on July 29,” says Fordyce.
Farmers should expect to see up to $14.5 billion in payments. The first tranche covers 50 percent of that amount. The second and third payments of 25 percent each will depend on conditions at the time. “We’ll look at if there has been movement in trade negotiations in late fall. If not, then we’ll look at it again in January.” The MFP 2.0 application deadline is December 6.