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Friday, December 27, 2019

MFP Payments Continue to Rise

As of December 23, USDA’s Farm Service Agency has paid out $10.707 billion in 2019 Market Facilitation Program (MFP 2) payments to farmers under the first two installments of MFP 2 payments.

The top five states for the payouts were Iowa, Illinois, Texas, Minnesota and Kansas.

Signup for MFP 2 ended December 20. The watch now is on whether USDA will announce the third installment of the MFP 2 payments will be issued in early January.

Sources indicate they expect the payments will be made and that the decision has already likely been made but not yet announced.