Northey says third tranche of MFP payments will be considered
December 3, 2019 By Rhiannon Branch Filed Under: News, Trade
USDA Undersecretary Bill Northey says a third tranche of MFP payments will be considered if a deal with China is not signed soon.
Northey tells Brownfield trade talks with China sound serious, but US farmers need signatures on paper.
“I do think there is good momentum, but just like when you are buying a tractor you can get closer, but until you are done you do not have a deal.”
He says everyone is working hard to make ag trade better than what it was when the trade war began.
“It’s not just about being able to make sure we have pork and soybeans and cotton over there, but it’s also that we should get corn, now poultry, maybe rice, and certainly beef to a greater degree than what we are.”
Northey tells Brownfield he hopes to see real progress soon but if not, a third tranche of Market Facilitation Program Payments will be considered.
“We will see. We are probably a month to a month and a half away from being able to let folks know when that payment would come. It would be after the first of the year anyway.”
Brownfield interviewed Northey at the Illinois Nutrient Loss Reduction Strategy Conference in Springfield, Illinois where he gave a keynote address.
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