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USDA Announces Details of Support Package for Farmers.

Tuesday, July 30, 2019

(North American Meat Institute)

U.S. Secretary of Agriculture Sonny Perdue last week announced the details for a $16 billion package aimed at supporting American agricultural producers while the Trump Administration continues to work on trade deals. This comes after USDA announced in May that it will take several actions to assist farmers who are dealing with the repercussions of retaliatory trade disruption. The Market Facilitation Program (MFP), Food Purchase and Distribution Program (FPDP) and Agricultural Trade Promotion Program (ATP) will assist agricultural producers while the Administration works to address long-standing market access barriers. "American farmers have dealt with unjustified retaliatory tariffs and decades of non-tariff trade disruptions, which have curtailed U.S. exports to China and other nations," USDA wrote in the press release. "Trade damages from such retaliation and market distortions have impacted a host of U.S. commodities." More information on the aid package can be found in USDA's press release here.

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