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USDA Assistance Plan for Farmers Impacted by Trade Disputes

On July 24, U.S. Agriculture Secretary Sonny Perdue announced that USDA will take several actions aimed at assisting agricultural producers impacted by retaliatory duties imposed by trading partners. USDA will authorize up to $12 billion in programs, including a trade promotion program, administered by the USDA Foreign Agricultural Service (FAS) in conjunction with the private sector, to assist in developing new export markets for U.S. farm products. The assistance package also includes:

  • A market facilitation program to provide payments incrementally to producers of soybeans, sorghum, corn, wheat, cotton, dairy and hogs to help them manage disrupted markets, deal with surplus commodities and expand and develop domestic and international markets.
  • A food purchase and distribution program to purchase unexpected surpluses of affected commodities such as pork, beef, fruits, nuts, rice, legumes and milk for distribution to food banks and other nutrition programs.

More details are in this USDA news release.

USMEF is waiting for further details on the FAS-administered export market development program before commenting on how, or in which markets, it can be utilized to bolster U.S. red meat exports.