Market Facilitation Program

 

 

USDA Launches Trade Mitigation Programs

 

(Washington, D.C., September 4, 2018) – U.S. Secretary of Agriculture Sonny Perdue today launched the trade mitigation package aimed at assisting farmers suffering from damage due to unjustified trade retaliation by foreign nations. Eligible producers of corn, cotton, sorghum, soybeans, wheat, dairy, or hogs. can now sign up for the Market Facilitation Program (MFP).

The MFP is established by the Federal government and Commodity Credit Corporation.  Your local USDA Farm Service Agency office will work with you to ensure your information is sent in timely.  Eligible producers should contact their FSA office with total production information to complete Form 910 as soon as possible after harvest is complete, for payments to be processed timely.  Payments are scheduled to be issued on fifty percent of the producer’s total production, multiplied by the MFP rate for a specific commodity. A second payment period on the other fifty percent of production, and the rate factor, if warranted, will be determined by the USDA closer to the end of 2018.

The sign-up period for the Market Facilitation Program (MFP) began on September 4, 2018 and runs through January 15, 2019.  It is of utmost importance that producers submit their total production as soon as harvest is completed.  Complete information and instructions provided at Market Facilitation Program.

For additional questions, you may contact Dallas Petefish at The Gerber State Bank at 217-795-2331 or dpetefish@gerberstatebank.com.