Farmers Await Details on Second Round of Trade Aid Payments

Farmers Await Details on Second Round of Trade Aid Payments

The Agriculture Department is expected to soon announce the details of a second round of assistance for soybean, wheat, sorghum, cotton, dairy and pork farmers hurt by upheaval in foreign markets. 

The first round of Market Facilitation Program payments was announced in late August and will help support farm income this year and help family farmers service the record levels of agricultural debt they hold. In many cases, the MFP payments are being used as collateral for operating loans, AFBF President Zippy Duvall noted in a letter to Agriculture Secretary Sonny Perdue.