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USDA publishes trade methodology report

The 2019 Market Facilitation Program payments for hog producers are based on live hog inventory on a day selected by the applicant between April 1, 2019 and May 15, 2019

The USDA has published a detailed accounting of how estimated damage from trade disruptions was calculated for its support package for farmers announced on July 25, 2019. USDA’s Office of the Chief Economist developed an estimate of gross trade damages for commodities with assessed retaliatory tariffs by China, India, the European Union and Turkey to set commodity payment rates and purchase levels. According to the Agricultural Department, its the same approach often used in adjudicating World Trade Organization trade dispute cases.

“Just as we did before, we want to be transparent about this process and how our economists arrived at the numbers they did. Our farmers and ranchers work hard to feed the United States and the world, and they need to know USDA was thorough, methodical and as accurate as possible in making these estimates. We listened to feedback from farmers on last year’s programs and incorporated many of those suggestions into today’s programs. While no formula can be perfect in addressing concerns from all commodities, we did everything we could to accommodate everyone,” says U.S. Secretary of Agriculture Sonny Perdue.

The 2019 Market Facilitation Program payments for hog producers are based on live hog inventory on a day selected by the applicant between April 1, 2019 and May 15, 2019. Eligibility for 2019 MFP payments is again based upon independent ownership of the hogs; persons/legal entities that are contracted to grow hogs are not eligible for 2019 MFP.

“For a long time, China and other nations have not provided free, fair and reciprocal access to U.S. farmers and ranchers and President Trump is the first President to stand up to them and send a clear message that the United States will no longer tolerate unfair trade practices,” Perdue says. “Our support package ensures farmers will not stand alone in facing unjustified retaliatory tariffs while President Trump continues working to solidify better and stronger trade deals around the globe.”

Source: USDA, who is solely responsible for the information provided, and wholly owns the information. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.
TAGS: Regulatory
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