News

Second Round of MFP Payments Announcement Still Expected This Week

Soybean prices shot up Sunday night on news of a trade truce between the U.S. and China. That news came out of a dinner Saturday night between delegations from both countries, led by President Donald Trump and China President Xi Jinping.

While volatility hit the market the first week of December, it’s also the week USDA is expected to announce the second tranche of Market Facilitation Program (MFP) payments to ease economic pain from Chinese tariffs. Despite the trade truce, Washington insiders believe the announcement will still come out this week. USDA Secretary Sonny Perdue is speaking Monday in Chicago, so that news could hit as early as Monday.

“I think it could be made this week,” said Farm Journal Washington Correspondent Jim Wiesemeyer. “When an Ag Secretary goes out there like to make news - and maybe that's part of it, I've not been told that - but that could well be the news.”

Not only are there questions about when the announcement will be made, but what the announcement will entail. The first round of MFP payments included $1.65 per bushel for soybeans, a penny per bushel for corn and $.12 cents per hundredweight for dairy.

“My hunch is that there will be no change in the payments, maybe they might tweak a bit or two to answer some of the farmer complaints that it did not include some of ethanol impacts and some you know basis issues,” said Wiesemeyer.

USDA Under Secretary Bill Northey already confirmed to AgWeb that the second tranche of payments will be for the remaining 50 percent of production, however, the agency didn’t confirm what those payments will be.

Related Stories:

Soybeans Boosted by China Tariff Truce, But for How Long?

Round Two of Tariff Aid Payments Coming Soon

What You Need to Know About Getting Second Round of Tariff Aid Payments

ROSEAU, Minn. (AP) — Former U.S. Agriculture Secretary Bob Bergland, a farmer from northern Minnesota who was tasked with selling President Jimmy Carter's unpopular Soviet Union grain embargo to oth

Soybean prices shot up Sunday night on news of a trade truce between the U.S. and China. That news came out of a dinner Saturday night between delegations from both countries, led by President Donald

  MANHATTAN, Kan. — U.S. Department of Agriculture Under Secretary for Marketing and Regulatory Programs Greg Ibach was welcomed to Great Bend, Kansas, on Monday, November 19, by beef industry lea

Antimicrobial Resistance or AMR occurs naturally in bacteria and AMR far predates human existence. However, AMR is a complicated issue and there are many factors that contribute to its development in

The U.S. Department of Agriculture is still working through rates for the second round of the market facilitation program (MFP). That announcement is expected to come after December 3rd. There was pl

Scientists from USDA developed the tools to mass produce penicillin, which was used for treating wounded soldiers over 70 years ago during World War II. Antibiotics are still important in treating mic

The debate on lab-grown meats is still ongoing as several cattlemen’s groups had the chance to voice their apprehensions to two government agencies about labeling the products “beef” or “meat

JBS Tolleson, Inc., a division of JBS SA, is recalling 6.5 million pounds of “various raw, non-intact beef products” due to an outbreak of salmonella, USDA-Food Safety and Inspection Service (FSIS

USDA intends to reopen the rulemaking process known as “Farmer Fair Practices Rules.” That announcement was made by a Department of Justice attorney arguing on behalf of USDA in court last week.Du

For the fourth month straight the Cattle on Feed report eclipsed a monthly record with the September 1st feedlot inventory eclipsing 11.1 million head, an increase of 5.6% since the same time in 2017.