MONTGOMERY, AL- Last month, President Donald Trump announced a $12 billion aid package in response to trade damage from retaliatory tariffs imposed on agriculture products by foreign nations. On August 27, 2018, the United States Department of Agriculture (USDA) unveiled the details surrounding the three short-term relief programs.
“Many of our producers are suffering from depressed markets due to these retaliatory tariffs,” explained Commissioner of Agriculture and Industries John McMillan. “I encourage producers to participate in these mitigation programs as the Trump administration negotiates more favorable trade provisions that establish a healthy trade environment for U.S. agriculture.”
The Market Facilitation Program (MFP) will provide $4.7 billion in payments to corn, cotton, dairy, hog, sorghum, soybean and wheat producers after the 2018 harvest is complete. The rate depends on the severity of trade disruption and period of adjustment to new trade patterns. First round applications will be available September 4 and is based on 50% of an eligible farmers production. The payment rates are as follows:
Applications for this program can be found online (www.farmers.gov/MFP) or at local Farm Service Agency (FSA) offices (www.offices.sc.egov.usda.gov).
The second program, Food Purchase and Distribution, will purchase $1.2 billion in commodities and distribute them to nutrition assistance programs. Some of the commodities include beef, peanut butter, peas, pecans and sweet corn.
The third program will provide an additional $200 million to develop foreign markets through Agricultural Trade Promotion (ATP). These funds will help U.S. exporters identify and access new markets. This program is designed to help all sectors of U.S. agriculture with advertising, public relations, point-of-sale demonstrations, trade fairs, market research and technical assistance. ATP cost-share applications will be available until November 2.
For more information and to find applications, visit www.farmers.gov/MFP.