USDA Still Working Out Details Of Market Facilitation Plan

(WNAX) — Details are still being worked out for the next round of federal payments to Ag producers from the tariff fall out. The ongoing trade war with China has severely limited export markets. South Dakota Senator John Thune says the US Ag Department has spent down most of their available funding…

“They’re going to have to get some additional help from Congress, I suspect. If the USDA is going to do what they want to do on market facilitation program payments this time around, they probably don’t have enough money in the bank to do that.”
Thune says he expects the Ag Department to ask Congress for more money for the next round of payments…

“So, I suspect at some time Congress could be called upon. There were additional dollars made available in the supplemental bill that passed earlier this month. There was about three billion dollars that could be used in some way and then we’ll see where we go from there.”
Thune says the Ag Department has not yet set spending limits on the payment plan…

“The last program was a significant amount of money; I think around twelve billion. So, the CCC, which is the bank that’s been used to come up with the dollars to help make these payments, may have to be replenished by Congress, but that’s something we’ll be watching carefully.”
The Ag Department has said the payments will be based on acres planted in a producer’s home county.