$15 MFP Payments?

12:36PM Jul 24, 2019
"We're anticipating right now three tranches; probably 50%... or a minimum of $15 an acre initially," Perdue told reporters, adding the second and the third waves of payments would be dependent on the market conditions.
( Farm Journal )

While USDA is expected to release more details on the 2019 Market Facilitation Program (MFP) on Thursday, Agriculture Secretary Sonny Perdue let a few details slip on Tuesday. 

Every qualifying farmer will receive at least $15 an acre, according to Perdue.

"We're anticipating right now three tranches; probably 50%... or a minimum of $15 an acre initially," Perdue told reporters, adding the second and the third waves of payments would be dependent on the market conditions.

Those comments, and a Reuters story reporting them, caught farmers on Twitter by surprise. 

According to Pro Farmer’s Jim Wiesemeyer, MFP signups will begin in August, with payments to go out soon after signup.

“Payments will be based on county rates, and it is unclear if USDA will provide all of them,” he said adding sources signal “virtual certainty” that farmers will get the second and third round of 2019 MFP payments.