WASHINGTON — U.S. Secretary of Agriculture Sonny Perdue announced Nov. 15 the second tranche of 2019 Market Facilitation Program (MFP) payments aimed at assisting farmers suffering from damage due to unjustified trade retaliation by foreign nations. The payments will begin the week before Thanksgiving.
Producers of MFP-eligible commodities will now be eligible to receive 25% of the total payment expected, in addition to the 50% they have already received from the 2019 MFP.
President Trump directed Sec. Perdue to craft a second relief strategy to support American agricultural producers while the Administration continues to work on free, fair, and reciprocal trade deals to open more markets to help American farmers compete globally.
Specifically, the President authorized the U.S. Department of Agriculture to provide up to $16 billion in programs, which is in line with the estimated impacts of unjustified retaliatory tariffs on U.S. agricultural goods and other trade disruptions.
STAY INFORMED. SIGN UP!
Up-to-date agriculture news in your inbox!