The U.S. Department of Agriculture released more details of the new round of trade mitigation payments on Thursday. According to the USDA, county rate payments for non-specialty crops like corn, canola, wheat and soybeans will range between $15 to $150 an acre, based on a farm’s location and this year’s expected production. Payments are calculated based on a single county payment rate multiplied by a farm’s total plantings of MFP eligible crops in 2019. Click here to take a closer look at county payment rates. For livestock, USDA says dairy producers in business as of June 1 will receive a per hundredweight payment on production history. Hog producers will receive a payment based on the number of live hogs owned on a day selected by the producer between April 1 and May 15. Sign up for the program begins today and will go through Friday, December 6, 2019. Funding will be delivered in three tranches. The first checks will be sent in August, with potential second and third rounds in November and January. Click here to learn more about the Market Facilitation Program.
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