The Blaine County Journal News-Opinion - We've Got The County Covered

USDA Market Facilitation Program: Jan. 15 Deadline

 

November 7, 2018



USDA launched the trade mitigation package aimed at assisting farmers suffering from damage due to unjustified trade retaliation by foreign nations. Producers of certain commodities can now sign up for the Market Facilitation Program (MFP).

USDA’s Farm Service Agency (FSA) will administer MFP to provide payments to corn, cotton, dairy, hog, sorghum, soybean, wheat, shelled almond, and fresh sweet cherry producers. An announcement about further payments will be made in the coming months, if warranted.

The initial MFP payment rates are:

• Corn - $0.01 per bushel

• Cotton - $0.06 per pound

• Dairy (milk) - $0.12 per cwt.

• Fresh Sweet Cherries - $0.16

per pound

• Pork (hogs) - $8.00 per head

• Shelled Almonds - $0.03

per pound

• Soybeans - $1.65 per bushel

• Sorghum - $0.86 per bushel

• Wheat - $0.14 per bushel

The sign-up period for MFP runs through Jan. 15, 2019, with information and instructions provided at http://www.farmers.gov/mfp. MFP provides payments to producers of eligible commodities who have been significantly impacted by actions of foreign governments resulting in the loss of traditional exports. Eligible producers should apply after harvest is complete, as payments will only be issued once production is reported.

A payment will be issued on 50 percent of the producer’s total production, multiplied by the MFP rate for a specific commodity. A second payment period, if warranted, will be determined by the USDA.

MFP payments are capped per person or legal entity as follows:

• A combined $125,000 for eligible crop commodities

• A combined $125,000 for dairy production and hogs

• A combined $125,000 for fresh sweet cherries and almonds

Applicants must also have an average adjusted gross income for tax years 2014, 2015, and 2016 of less than $900,000. Applicants must also comply with the provisions of the Highly Erodible Land and Wetland Conservation regulations.

Expanded Hog Timeline

USDA has expanded the timeline for producers with whom the Aug. 1, 2018, date does not accurately represent the number of head of live hogs they own. Producers may now choose any date between July 15 to Aug. 15, 2018 that correctly reflects their actual operation.

MFP applications are available online at http://www.farmers.gov/mfp. Applications can be completed at a local FSA office or submitted electronically either by scanning, emailing, or faxing. To locate or contact your local FSA office, visit http://www.farmers.gov. Link to Market Facilitation Program Fact Sheet.

 
 

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