Update on trade aid provisions for U.S. farmers
Earlier this month, the Trump administration made available a new round of payouts to relieve financial difficulties for agriculture producers affected by recent trade measures and natural disasters. Producers could apply for the payouts, available through the USDA’s Market Facilitation Program (MFP), through Dec. 6, 2019.
According to the USDA: “MFP payments are limited to a combined $250,000 for non-specialty crops per person or legal entity. MFP payments are also limited to a combined $250,000 for dairy and hog producers, and a combined $250,000 for specialty crop producers. However, no applicant can receive more than $500,000.”
This round was the second tranche of MFP payouts. The USDA states, “if conditions warrant, the third tranche will be made in January 2020.” If the third tranche becomes available, the total aid for 2019 production would come to $14.5 billion.
“President Trump has shown time and again that he is fighting for America’s farmers and ranchers. While we continue to have confidence in the President’s negotiations with China, this money shows President Trump following through on his promise to help and support farmers as he continues to fight for fair market access,” said Secretary of Agriculture Sonny Perdue in a Nov. 15 statement.