Market access

Foreign Agricultural Service Announces Allocations for Market Access Program and Funding for Foreign Market Development Program

The Department of Agriculture’s Foreign Agricultural Service (FAS) has awarded $ 202.4 million of its fiscal year 2022 funding to more than 60 U.S. farm organizations to “help expand commercial export markets for U.S. products “the agency said in a press release last Friday.

FAS will provide $ 175.6 million to 67 nonprofits and cooperatives under the Market Access Program, which focuses on consumer and brand promotion for commodities. Under the Foreign Market Development Program, which focuses on strengthening trade services and trade capacity, $ 26.8 million will be distributed to US trade organizations.

Market Access and Foreign Market Development programs benefit producers across the United States, creating markets for a wide variety of American agriculture and food products around the world,” said FAS administrator , Daniel Whitley, in the press release. “These programs play an important role in supporting the US agricultural industry which achieved record exports in 2021 and is expected to do even better in 2022.”

According to USDA’s breakdown of MAP funding allocations, the Cotton Council International and the US Meat Export Federation received the most funding, securing more than $ 15 million and $ 13 million, respectively. The Food Export Association of the Midwest USA followed with an allocation of $ 8 million, while the American Soybean Association and the US Grains Council each received around $ 7 million.

Don’t miss a beat! It’s easy to sign up for a FREE month of Agri-Pulse news! For the latest news on what’s happening in Washington, DC and the country in agriculture, just click here.

A review of FMD funding shows that ASA is the largest recipient of this fund (around $ 6.7 million), the US Wheat Associates ($ 4.1 million) and the Cotton Council (3, $ 9 million) also receiving some of the largest dollars in the program.

Citing an independent study, the USDA said the MAP and FMD provided “$ 28 in export earnings for every $ 1 spent by government and industry on market development.”

For more information, visit www.Agri-Pulse.com.


Source link