Second Tranche of MFP Payments to Begin Next Week
U.S. Department of Agriculture Secretary Sonny Perdue announced the second tranche of Market Facilitation Program payments will begin the week before Thanksgiving. Farmers with eligible commodities will receive 25% of the total payment expected in addition to the 50% already received. Perdue was meeting with farm broadcasters at the National Association of Farm Broadcasting convention […]
Transparency for Trade Damage Calculations
USDA has outlined how the rates were made for the new round of Market Facilitation Program payments. There is a countywide rate, but that was based on the estimated trade-related damages for various commodities. For dry edible beans, the commodity rate was at $8.22 per hundredweight. Soybeans were $2.05 per bushel, corn was at 14 […]
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 […]
FSA Administrator Visits ND to Discuss MFP Payments
USDA Farm Service Agency Administrator Richard Fordyce paid a visit to North Dakota, meeting with farmers, agriculture organizations and other state leaders. The trip was prompted by North Dakota Senator John Hoeven to discuss details of the new Market Facilitation Program payments. This was the first roundtable event for the Administrator with farmers regarding the […]
New Market Facilitation Program Details Released
Signup for the new round of USDA Market Facilitation Program payments begins Monday, July 29 and continues through December 6. The first payments will be made in early August. Farmers who produce alfalfa, barley, canola, corn, dry beans, oats, soybeans, sunflowers and wheat are eligible. The per-acre payments are based on a single county rate. […]
Censky Meets with MN Farmers
USDA Deputy Secretary of Agriculture Stephen Censky came back to his home state of Minnesota and met with state farm leaders on Tuesday. States like Minnesota and North Dakota, which are more dependent on exports, will see that reflected in the new Market Facilitation Program payments. “It is based on the calculated impacts on trade […]
Perdue Promises Trade Assistance as “Quickly as Possible”
While few details are still available, the proposal for USDA’s latest round of Market Facilitation Program payments is currently under review by the Office of Management and Budget. Speaking to reporters in Washington D.C. on Wednesday, Agriculture Secretary Sonny Perdue said the trade assistance will go out to farmers as quickly as possible. “It more […]
MFP Details Coming Soon
The details of the new Market Facilitation Program will be released within a matter of days. “I believe people deserve an answer sooner rather than later,” said Agriculture Secretary Sonny Perdue. Perdue emphasized the goals of the MFP payments differ from prevented plant coverage. “The Market Facilitation Program is designed for tariff disruptions and we […]
Trade Assistance Package Provides Support for Dry Bean Industry
U.S. dry bean growers and producers feeling the impact of ongoing global trade disruptions will soon feel relief with USDA’s announcement of a new assistance package. Dry beans are included in a list of over 20 crops that will receive a payment through USDA’s Market Facilitation Program for 2019. “While we remain hopeful that we […]
Dry Beans Included in New MFP Program
The new round of trade-related assistance totals $16 billion with $14.5 billion going to Market Facilitation Program payments. Rather than different rates for the various commodities, USDA Undersecretary Bill Northey said farmers will now be paid based on a single county rate. “The team has gone through and looked at the trade damage each county […]
