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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.

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 payments.
 
Farmers are still curious as to how the county rates were determined. Fordyce said in order to get payments out sooner rather than later, USDA had to come up with a calculation that didn’t require taking a crop to harvest. “It’s based on acres of crops that were planted in that county, the average yields of those crops times a number by commodity,” said Fordyce. “For example, if there was a county that experienced a weather anomaly within the last three years, that would impact the county yield number.”
 
Hear more and read more about Fordyce’s visit.