September 24, 2018
The USDA has expanded the Market Facilitation Program timeline for producers with whom the Aug. 1, 2018, date does not accurately represent the number of head of live hogs they own. Producers may now choose any date between July 15 to Aug. 15 that correctly reflects their actual operation.
The sign-up period for MFP is now open and runs through Jan. 15, with information and instructions provided at Farmers.gov/mfp. The MFP provides payments to hog, cotton, corn, dairy, sorghum, soybean and wheat producers who have been significantly impacted by actions of foreign governments resulting in the loss of traditional exports. The MFP is established under the statutory authority of the Commodity Credit Corp. Charter Act and is under the administration of USDA’s Farm Service Agency.
A payment will be issued on 50% of the producer’s total production, multiplied by the MFP rate of $8 per head. A second payment period, if warranted, will be determined by the USDA.
MFP payments are limited to a combined $125,000 for dairy and hog producers. Applicants must also have an average adjusted gross income for tax years 2014, 2015 and 2016 of less than $900,000. Applicants must also comply with the provisions of the Highly Erodible Land and Wetland Conservation regulations.
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