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First Round of MFP Payments Underway

Dan Economy

The process for the first round of Market Facilitation Program (MFP) payments is underway. Farm Service Agency Director Richard Fordyce says the first payments have been mailed out. Round one of the three potential payments is 50 percent of the overall amount farmers may receive. Fordyce says expects up to $14.5 billion of payments will be sent to farmers, pending the trade negotiation …

barometer

July Ag Economy Barometer Increases

Dan Economy, Industry News Release

(NAFB) — The Purdue University/CME Group Ag Economy Barometer reading jumped to 153 in July, up 27 points from June, and up 52 points from May. However, it’s safe to expect a decline in the August report. While the Market Facilitation Program payments are a positive to farmers, this week’s announcement that China will stop all purchases of U.S. ag …

coley

Georgia Cotton Commission on MFP and STAX

Dan Cotton, Georgia

Signup continues for The U.S. Department of Agriculture’s Market Facilitation Program (MFP) at local Farm Service Agency offices. Georgia Cotton Commission Executive Director Richey Seaton says thankfully that assistance will be hitting producers’ mailboxes fairly soon. He also provides updated information on the Stacked Income Protection Plan (STAX).

trade

Signup Underway for Market Facilitation Program

Dan Cotton, Economy

Signup began this week for USDA’s Market Facilitation Program (MFP), and the first round of payments are expected to be issued in mid-to-late August. While the payments are county specific, they are not crop specific, and will be available on planted acres for 2019. Reece Langley, Vice President of Washington Operations for the National Cotton Council (NCC), says they have developed a …

trade

Trade Aid Support for Dairy, Pork Producers

Dan Dairy, Economy, Pork, Trade

A large part of the $16 billion package developed to support producers suffering from trade tariffs is the Market Facilitation Program (MFP). Payments will be made by the Farm Service Agency (FSA) to producers of various crops, but dairy and hog producers will also receive a payment. Here is USDA Under Secretary for Farm Production and Conservation, Bill Northey. In …

market

Crops Covered Under Market Facilitation Program

Dan Corn, Cotton, Economy, Peanuts, Soybeans, Wheat

On Thursday, the U.S. Department of Agriculture (USDA) announced further details of the $16 billion package to help American ag producers affected by trade tariffs. This includes direct payments to farmers through the Market Facilitation Program (MFP). USDA Chief Economist Rob Johansson looks at what is covered under MFP. MFP signup starts Monday at local Farm Service Agency offices. For …

farmers

USDA Announces Details of Support Package for Farmers

Dan Economy, Industry News Release

(USDA) — U.S. Secretary of Agriculture Sonny Perdue announced further details of the $16 billion package aimed at supporting American agricultural producers while the Administration continues to work on free, fair, and reciprocal trade deals. In May, President Trump directed Secretary Perdue to craft a relief strategy in line with the estimated impacts of unjustified retaliatory tariffs on U.S. agricultural goods and …