U.S. Secretary of Agriculture Sonny Perdue recently 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 other trade disruptions. The Market Facilitation Program (MFP), Food Purchase and Distribution Program (FPDP), and Agricultural Trade Promotion Program (ATP) will assist agricultural producers while President Trump works to address long-standing market access barriers.
“China and other nations have not played by the rules for a long time, and President Trump is the first President to stand up to them and send a clear message that the United States will no longer tolerate unfair trade practices,” Secretary Perdue said. “The details we announced today ensure farmers will not stand alone in facing unjustified retaliatory tariffs while President Trump continues working to solidify better and stronger trade deals around the globe.
“Our team at USDA reflected on what worked well and gathered feedback on last year’s program to make this one even stronger and more effective for farmers. Our farmers work hard, are the most productive in the world, and we aim to match their enthusiasm and patriotism as we support them,” Secretary Perdue added.
The Market Facilitation Program (MFP) for 2019, will be administered by the Farm Service Agency (FSA) and will provide $14.5 billion in direct payments to producers. The Market Facilitation Program (MFP) includes peanuts, among other non-specialty and specialty crops, as an eligible crop to receive payments from the USDA. The MFP will pay peanut producers on a county per acre payment rate. Peanut producer payments will range in Georgia from $15 to $150 an acre depending on which county the peanuts are being produced in 2019.
As compared to last year’s round of MFP payments, this year’s program revises payment limit language for eligible producers and will allow a maximum of $500,000 to go to a single producer or legal entity across all three aspects of MFP with a $250,000 limit for a single phase of the program. The adjusted gross income (AGI) limit barring program participation if an applicant’s AGI tops $900,000 also applies, but is waived if three-fourths of that income comes from agriculture.
Market Facilitation Program payments will be made in up to three tranches. The first payment will be made in mid-to-late August with the second and third payments coming in November and January. Applications will be available beginning Monday, July 29, online at www.farmers.gov/manage/mfp.