Economists at the Agricultural and Food Policy Center, Department of Agricultural Economics, Texas A&M Univesity, released a report on the Market Facilitation Program (MFP) and its impact.
“While there was significant variability in county payment rates for MFP 2.0, most of that variability is easily explained by the underlying damage assessments and the distribution of planted acres in the respective counties,” the report said.
“And, despite the fact that the highest county payment rates were predominantly in counties with cotton production, almost 70% of the assistance under MFP 2.0 went to Midwestern states,” the report said. “While we find little validity to the argument of regional inequity, there certainly were disparities between neighboring counties.”
Further, the report said that the two MFP efforts thus far had a “greater than $41 billion impact on the broader rural economy.”
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