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 […]
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 […]
Department of Agriculture Working on New Trade Mitigation Package
The U.S. Department of Agriculture is in the middle of developing a trade assistance program for farmers. According to Agriculture Secretary Sonny Perdue, there are very few details available at the moment. The new trade package is expected to cost between $15 and 20 billion, which is the general calculation of the damage to U.S. […]