Friday, May 24, 2019

MFP II Addenda

Via Farm Policy News further details on MFP II--based on the USDA big shots' discussion.  The key point I take from it:

"Referring to the market facilitation program, Undersecretary Northey indicated that, “So these payments are not designed to be a market loss payment. They are a market facilitation payment. It’s not going to perfectly reflect what some producers feel the loss of these markets have been.”
FWIW I don't know what the words "market facilitation" mean, at least not as applied to the $14.5 billion part of the program. 

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