World Perspectives

MFP Payments and Policy Round Up

Now that a budget agreement has been struck that will avoid another government shutdown, Congress will be in session for three more days before the August recess. Nonetheless, this promises to be a busy week.   First, it is widely expected that USDA will announce the rules for the second iteration of the Market Facilitation Program (MFP) payments.  USDA had been indicating late last week that the plan was being held until the latest planting report which was released yesterday, and that there could be some flexibility for at least minimal payments to prevented planting acres, but the Office of Management and Budget (OMB) signed off on the rule on 12 July.  It is all very confusing, just like the structure of the plan...

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