Ag Secretary Sonny Perdue says he is expecting a third round
of 2019 Market Facilitation Program payments to be needed.
“We don’t see a market move that would make it not needed
for the third tranche after the first of the year.”
Perdue told reporters in Nebraska that no commitments are
being made on a Market Facilitation Program for 2020.
“If we can get a deal with China, if markets move, if we can
accumulate these trading relationships that we have and we get back to a more
stable trade relationship, I would be hopeful that we wouldn’t need a third
market facilitation program.”
Perdue says USDA authorizes the money, but the Office of
Management and Budget makes the allocation, adding that they were very helpful in
getting the second tranche out before Thanksgiving.
Continue reading Perdue expects third round of 2019 MFP payments at Brownfield Ag News.
