IFB urges USDA to authorize second round of MFP payments

By Ashley Rice

Illinois Farm Bureau sent a letter to U.S. Agriculture Secretary Sonny Perdue, expressing appreciation and encouraging action.

The letter reiterates thanks for actions that helped improve farmers’ cash flow during a difficult year. The first round of Market Facilitation Program (MFP) payments went out in October, while the deadline to pay 2019 crop insurance without incurring additional interest was pushed back to Dec. 1.

Nonetheless, farmers are still waiting for official trade deals from both the U.S.-Mexico-Canada Agreement and China. These deals have the potential to greatly open markets and increase U.S. agricultural exports.   

“While the potential for billions in sales to China await, our members are saddled with depressed prices and are faced with purchasing expensive inputs for the coming year, repairing damaged fields, and covering household expenses,” stated Richard Guebert Jr., IFB president.

Doug Yoder, COUNTRY Financial crop agency manager, noted that no new information about future MFP payments has been released. “The USDA planned to re-evaluate the marketplace in November 2019 and January 2020 to determine if further MFP payments are necessary,” Yoder said. “These are market loss payments, and the USDA has to make sure a payment is justified.”

Read the full letter here.

Content for this story was provided by FarmWeekNow.com.

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