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Serving: United States
Secretary Sonny Perdue at podium USDA photo by Tom Witham

Trade aid expected by Thanksgiving

Producers of eligible commodities will be able to receive 25% of total payment in second tranche

Agriculture Secretary Sonny Perdue announced Nov. 7 that the second round of the 2019 Market Facilitation Program payments would be issued by the end of November or early December.

Today, Perdue announced the payments will begin the week before Thanksgiving. Producers of MFP-eligible commodities will now be eligible to receive 25% of the total payment expected, in addition to the 50% they have already received from the 2019 MFP.

“This second tranche of 2019 MFP payments, along with already provided disaster assistance, will give farmers, who have had a tough year due to unfair trade retaliation and natural disasters, much needed funds in time for Thanksgiving,” Perdue said. “While we continue to have confidence in the president’s negotiations with China, this money shows President Trump following through on his promise to help and support farmers as he continues to fight for fair market access.”

Source: USDA, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset. 
 
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