The bipartisan CREAATE Act — a bill to increase investment in two federal programs with a proven track record of building global demand for U.S. agricultural products — was recently introduced by Senators Angus King (I-Maine), Joni Ernst (R-Iowa), Joe Donnelly (D-Indiana), and Susan Collins (R-Maine). The passage of the bill would increase investment in the Market Access Program (MAP) and Foreign Market Development program (FMD). A companion bill was introduced in the House earlier this year.
MAP and FMD are public-private partnerships that promote U.S. agriculture. Together, they are responsible for 15% of U.S. agricultural export revenue-$309 billion since 1977.
“MAP and FMD are critical programs for building and expanding global markets for American agricultural exports. We must increase investment in these programs,” said Wesley Spurlock, a Texas farmer and president of the National Corn Growers Association. “These programs deliver a strong return on investment. Every $1 invested in MAP and FMD generates $28 in exports-that means more American jobs, and more money coming into our communities.… Continue readingRead More »