USDA has announced that farmers will be soon receiving the third installment of 2019 Market Facilitation Program (MFP 2) payments.
The payouts have been expected since early January, but officials had signaled there were still details being worked out.
Through January 28, USDA issued $10.89 billion in payments under MFP 2, meaning the payment announced by USDA Monday should total around $3.6 billion.
USDA Secretary Sonny Perdue has cautioned that a 2020 MFP effort is not expected to be in the cards given the phase-one trade deal signed between the U.S. and China.
But the situation could change depending on how the market response plays out to the phase-one deal and amid already rising political pressure for the administration to issue another round of the aid for 2020.
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