USDA details MFP payment formula

USDA details MFP payment formula

The U.S. Department of Agriculture estimated trade damages of $2.05 per bushel for soybeans and 14 cents per bushel for corn in calculating county payment rates for the 2019 Market Facilitation Program (MFP), according to documents released last week.

The USDA chief economist published a detailed accounting of how it made the trade damage calculations for the farmer support...

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