Agriculture Secretary Sonny Perdue Unveils President Donald Trump's Farm Aid Package DetailsMon, 27 Aug 2018 16:18:15 CDT
Today, U.S. Secretary of Agriculture Sonny Perdue joined Undersecretaries Greg Ibach, Ted McKinney, and Bill Northey; and other USDA staff during an off-camera briefing to announce USDA’s specific plans to assist farmers in response to trade damage from unjustified retaliation by foreign nations. President Donald J. Trump directed Secretary Perdue to craft a short-term relief strategy to protect agricultural producers while the Administration works on free, fair, and reciprocal trade deals to open more markets in the long run to help American farmers compete globally. As announced last month, USDA will authorize up to $12 billion in programs, consistent with our World Trade Organization obligations.
“Early on, the President instructed me, as Secretary of Agriculture, to make sure our farmers did not bear the brunt of unfair retaliatory tariffs. After careful analysis by our team at USDA, we have formulated our strategy to mitigate the trade damages sustained by our farmers. Our farmers work hard, and are the most productive in the world, and we aim to protect them,” said Secretary Perdue. You can listen to audio from today's briefing to hear Secretary Perdue announcing these payments and USDA Chief Economist Rob Johannsen explaining the economics that have led to the need for these special payments, by clicking or tapping the LISTEN BAR below. For more information on the other respective programs, click the links below.
These programs will assist agricultural producers to meet the costs of disrupted markets through three strategic programs including the Market Facilitation Program (MFP) that will be overseen by the Farm Service Agency. In addition, the USDA’s Agricultural Marketing Service will administer a Food Purchase and Distribution Program and the Foreign Agricultural Service will facilitate an Agricultural Trade Promotion Program (ATP). The MFP will provide payments to corn, cotton, dairy, hog, sorghum, soybean, and wheat producers starting September 4, 2018. An announcement about further payments will be made in the coming months, if warranted. The Food Purchase and Distribution Program will be budgeted $1.2 billion to purchase targeted commodities and redistribute them to nutrition assistance programs. The ATP will receive $200 million to develop foreign market demand for US agricultural products to help mitigate the adverse effects of other countries’ restrictions.
“President Trump has been standing up to China and other nations, sending the clear message that the United States will no longer tolerate their unfair trade practices, which include non-tariff trade barriers and the theft of intellectual property. In short, the President has taken action to benefit all sectors of the American economy - including agriculture - in the long run,” said Secretary Perdue. “It’s important to note all of this could go away tomorrow, if China and the other nations simply correct their behavior. But in the meantime, the programs we are announcing today buys time for the President to strike long-lasting trade deals to benefit our entire economy.”
For more information on the Market Facilitation Program, the Food Purchase and Distribution Program or the Agricultural Trade Promotion Program , visit www.farmers.gov.
Source - USDA
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