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24
Oct
2018
Reminder: Sign Up for USDA Market Facilitation Program (MFP)
Author: Scott Stiles, Extension Economist

Producers of certain commodities can now sign up for the Market Facilitation Program (MFP).  USDA’s Farm Service Agency (FSA) will administer MFP to provide payments to corn, cotton, sorghum, soybean, and wheat producers. An announcement about further payments will be made in the coming months (possibly early December), if warranted.

 

The sign-up period for MFP runs through Jan. 15, 2019, with information and instructions provided at www.farmers.gov/mfp. MFP provides payments to producers of eligible commodities who have been significantly impacted by actions of foreign governments resulting in the loss of traditional exports.

 

Eligible producers should apply after harvest is complete, as payments will only be issued once production is reported.   County FSA offices suggest bringing in production records. Acceptable forms of production evidence are:  Cleaning Tickets for Seed, Delivery Receipts, RMA Production Records, Sales Receipts, Scale Tickets, Measurement Service and Warehouse Receipts.

 

A payment will be issued on 50 percent of the producer’s total production, multiplied by the MFP rate for a specific commodity. A second payment period, if warranted, will be determined by the USDA.

 

For a list of initial MFP payments rates, view the MFP Fact Sheet.

 

MFP payments for eligible crop commodities are capped at a combined $125,000 per person or legal entity.  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.

 

MFP applications are available online at www.farmers.gov/mfp. Applications can be completed at a local FSA office or submitted electronically either by scanning, emailing, or faxing. To locate or contact your local FSA office, visit www.farmers.gov.


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