On August 30, 2018, the U.S. Department of Agriculture (USDA) announced its Trade Mitigation Package in response to unjustified retaliation surrounding the U.S. agricultural industry.
The Trump administration chose to employ a safeguard for America’s producers who have been negatively impacted. Thus, implementing a 3-pronged program that offers up to $12 billion to help subsidize farmers and stimulate the agricultural economy as a result of lost export sales, diminishing markets, and lower commodity prices.
The short-term package is broken down into three parts, including the Market Facilitation Program (MFP), the Food Purchase and Distribution Program, and the Agricultural Trade Promotion Program.
The following information is from Ben Brown & Haylee Zwick:
Additional Tips:
- Acreage reports for crop commodities must be on file at local FSA office for payment eligibility
- Crops grown for seed are currently not eligible
- Dairy producers not currently enrolled in MPP are still eligible for payments and will follow MPP rules for new dairy operations and complete CCC-781 to establish production history
- Producers who farm in multiple counties should apply in only their control county
- Examples of production evidence include receipts of sale, income ledgers, custom harvesting invoices, truck scale tickets, and breeding, inventory, or vet records
- Payment Calculation Example (Soybeans) (10,000 bu. x 50%) x $1.65 = $8,250