USDA launched the second and final round of trade mitigation payments aimed at assisting farmers suffering from damage due to trade retaliation by foreign nations.
Producers of certain commodities will now be eligible to receive President Trump’s Market Facilitation Program payments for the second half of their 2018 production.
USDA’s Farm Service Agency has been administering the program to provide the first payments to producers since September for the first 50 percent of their 2018 production.
The program provides payments to almond, cotton, corn, dairy, hog, sorghum, soybean, fresh sweet cherry and wheat producers. Payments for corn are 1 cent a bushel, soybeans $1.65 a bushel, sorghum 86 cents a bushel, and wheat 14 cents a bushel.
Producers need only sign-up once for the program to be eligible for the first and second payments.
Sign-up runs through Jan. 15 with information and instructions provided at www.farmers.gov/mfp. Producers must complete an application by Jan. 15, but have until May 1, to certify their 2018 production.
Eligible producers should apply after harvest is complete, as payments will only be issued once production is reported.
For farmers who have already applied, completed harvest, and certified their 2018 production, a second payment will be issued on the remaining 50 percent of the producer’s total production, multiplied by the program rate for the specific commodity.
The payments are limited to a combined $125,000 for corn, cotton, sorghum, soybeans and wheat capped per person or legal entity.
The payments are also limited to a combined $125,000 for dairy and hog producers. Applicants must also have an average adjusted gross income for tax years 2014, 2015, and 2016 of less than $900,000. Applicants must also comply with the provisions of the Highly Erodible Land and Wetland Conservation regulations.
For more further information or to locate and contact local FSA offices, interested producers can visit www.farmers.gov.