USDA Considers Third Round of Trade Aid

USDA will not decide until January whether to issue the third tranche of payments under the 2019 Market Facilitation Program (MFP). A trade deal with China would not necessarily stop USDA from releasing the money.

“We recognize that even if we have a trade agreement and things really get moving, we know that the farm income situation has been affected and can’t be turned around overnight,” said Deputy Agriculture Secretary Steve Censky. “So there still is a great need for those payments, particularly this year.”

Enrollment for the 2019 MFP has ended. As of Dec. 3, $10.3 billion worth of 2019 MFP payments had been made.

Farmers who produce grain, soybeans, cotton and other non-specialty crops have received $9.8 billion. Specialty crop growers have received $116 million, while the livestock sector has received $368 million.

Source: Agri-Pulse