The USDA Market Facilitation Program was a one-time effort to mitigate trade-related losses. AgCentric Director Keith Olander, who is based at Staples, Minnesota, says MFP payments were responsible for nearly all of the net farm income. “Medium net farm income was $26,000-plus and after factoring in the soybean acres alone, a large sum of that total was MFP. That’s what it was there for, but if that wasn’t there, we’d be looking at a near-zero level for net farm income.” Prices have been stagnant for most commodities for the past six years with the dairy industry seeing some of the most significant losses. Olander describes it as a “pressure cooker” situation.
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