2019 Market Facilitation Program Summary
May, 2019
USDA announced a $16 B trade assistance package that includes $14.5B 2019 Market Facilitation Program for US producers on May 23rd.
General Details:
May, 2019
USDA announced a $16 B trade assistance package that includes $14.5B 2019 Market Facilitation Program for US producers on May 23rd.
General Details:
- Producers of ELS cotton,upland cotton, long and medium grain rice, peanuts, sorghum, soybeans, wheat, corn along with alfalfa hay, barley, canola, dry peas, flaxseed, lentils, mustard seed, dried beans, oats, rapeseed, safflower, sesame seed, chickpeas, sunflower seeds, and japonica rice will receive a payment based on a single county rate multiplied by a farm’s 2019 total plantings of the above crops in aggregate.
- County rates per acre may be determined based on the production of each of the eligible commodities in the county during a recent period of years and the specific trade damage assessed for each commodity.
- Total payment-eligible plantings for 2019 cannot exceed total 2018 plantings of all eligible crops.
- Prevented planted acres are likely not to be included.
- Rates have not been finalized as of the announcement.
- Payments will be made in up to three tranches, with the second and third tranches evaluated as market conditions and trade opportunities dictate
- First tranche (reported to be the largest) will begin in late July/early August as soon as FSA completes crop acreage certification after July 15.
- If conditions warrant, second and third tranches will be made in November and early January.
- Additionally, CCC Charter authority will be used to implement a $1.4B food purchase and distribution program for products including fruits, vegetables, some processed foods, beef, pork, lamb, poultry and milk for domestic use.
- Additional CCC Charter authority will allocate $100M to export promotion entities for agricultural trade promotion activities.
- Payment limit amount
- AGI Means Test eligibility, although disaster bill pending in House includes language to exempt producers from the $900,000 AGI if at least 75% of income is from farming activities
- Payment rates/county