USDA will be announcing the details of the second Market Facilitation Program payment the first week in December. The agency is still calculating the amounts but University of Nebraska Farm Policy Specialist Brad Lubben says the formula may be slightly different than the first round, but will still account for losses due to the trade war.
He doesn’t expect the same payment rate for the second round of trade aid, which means farmers won’t get another $1.65 per bushel on soybeans.
Lubben says the initial Market Facilitation Program payment was a big economic shot in the arm for Nebraska. He says this is especially true for soybean producers who have seen 15 to 20-percent drop in prices, but little compensation from farm program payments.
Farmers will be required to prove their 2018 production to the Farm Service Agency to receive the trade assistance.
