September 10, 2018
The U.S. Department of Agriculture (USDA) has detailed how $6.3 billion in aid will assist farmers whose markets are disrupted through trade retaliations.
At $1.65 per bushel, soybean farmers will receive $3.6 billion in direct payments through the Market Facilitation Program (MFP). Other payments include pork, $8 a head; cotton, 6 cents per pound; corn, 1 cent per bushel; milk, 12 cents per hundredweight; sorghum, 86 cents per bushel; and wheat, 14 cents per bushel.
Farmers may apply after harvest when they can report 2018 production. Rates depend on the severity of trade disruption and adjustment to trade patterns. The first payments are based on 50 percent of a farmer’s 2018 production. If a second payment is approved, USDA will determine the amount.
MFP payments are capped per person or legal entity at a combined $125,000 for corn, cotton, sorghum, soybeans and wheat. MFP payments for dairy or hogs are capped at a combined $125,000. Learn more at AlfaFarmers.org.