USDA Announces Trade Assistance Program for Farmers
On Tuesday, July 24, the U.S. Department of Agriculture (USDA) announced plans to help farmers negatively affected by ongoing and growing trade disputes between the United States and key export trading partners. The total amount set aside by USDA amounts to $12 billion dollars and will provide assistance for commodities affected by the various retaliatory tariffs placed on U.S. exports.
USDA will use the following programs to assist farmers:
- The Market Facilitation Program, authorized under The Commodity Credit Corporation (CCC) Charter Act and administered by Farm Service Agency (FSA), will provide payments incrementally to producers of soybeans, sorghum, corn, wheat, cotton, dairy, and hogs. This support will help farmers manage disrupted markets, deal with surplus commodities, and expand and develop new markets at home and abroad.
- Additionally, USDA will use CCC Charter Act and other authorities to implement a Food Purchase and Distribution Program through the Agricultural Marketing Service to purchase unexpected surplus of affected commodities such as fruits, nuts, rice, legumes, beef, pork and milk for distribution to food banks and other nutrition programs.
- Finally, the CCC will use its Charter Act authority for a Trade Promotion Program administered by the Foreign Agriculture Service (FAS) in conjunction with the private sector to assist in developing new export markets for our farm products.