The U.S. Department of Agriculture (USDA) will proceed with its second tranche of trade relief payments to American farmers as a result of retaliatory tariffs, USDA Secretary Sonny Perdue said.
“We just have gotten authorization on the second tranche. We’ll be getting it ready hopefully at the end of this month or early December,” he said.
In May, the USDA announced it would again provide payments under the Market Facilitation Program (MFP), valued at $16 billion.
The first round of payments was issued in August and Perdue indicated a third tranche may not be necessary.
“We’re very hopeful that the China negotiations can come to a favorable conclusion. The numbers that we’re talking about right now would be very beneficial to our agricultural producers. We’re hopeful that trade would supplant any type of farm aid needed in 2020,” he said.
MFP provides payments to eligible producers of:
- Non-specialty crops, including alfalfa hay, barley, canola, corn, crambe, dried beans, dry peas, extra-long staple cotton, flaxseed, lentils, long grain and medium grain rice, millet, mustard seed, oats, peanuts, rapeseed, rye, safflower, sesame seed, small and large chickpeas, sorghum, soybeans, sunflower seed, temperate japonica rice, triticale, upland cotton, and wheat.