Round Two of Tariff Aid Payments Available Soon

December 10, 2018 02:54 PM
 
USDA recommends you sign up by January

The payment rates for the second round of the market facilitation program (MFP) are still being determined. USDA is expected to make an announcement any day.

There was plenty of contention regarding payment rates for various commodities, including the 1¢ per bushel for corn. New reports indicate the second round of payments will see rates similar to what producers received in the first round.

However, according to Bill Northey, USDA undersecretary for farm production and conservation, those numbers are not yet set in stone. He did confirm with Farm Journal’s “AgDay” the second round of payments will be for the remaining 50% of production.

He says the expectation is for this to be the last payment needed.

“Every intention right now is the second tranche [will be] the last tranche,” Northey explains. “We’re not looking to stretch this out into another quarter.”

Northey says producers need to sign up by January, but those who experienced harvest delays will be given consideration. Producers will then have until May to provide production evidence to their local Farm Service Agency office

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close