USDA Launches First Stage of Trade Mitigation Purchases

Market Intel / September 17, 2018

Over the last 10 days, USDA’s Agricultural Marketing Service has been making pre-solicitation announcements for trade mitigation purchases. So far, AMS has made announcements for the following products: frozen corn, dry peas, rice, dairy, peanuts, potatoes, dry lentils, canned dark red kidney beans, dry navy beans, beef, pork, walnuts, strawberries, plums (dried and fresh), pistachios, pecans, fresh pears, fresh oranges, orange juice, fresh lemons, hazelnuts, grapefruit, grapes (dried and fresh), figs, cranberries, apples and frozen blueberries. Announcements began on Sept. 4 and will continue. Solicitation specifications , the solicitation period and delivery timeframe are different for each product and available in the individual announcements, which  can be viewed here.

Veronica Nigh
(202) 406-3622

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USDA’s most recent Farm Income Forecast, released Feb. 5, predicted farm income to decline in 2020. USDA’s Farm Income Forecast also predicted farm income to increase in 2020. You read that right, USDA is projecting farm income in 2020 to both rise and fall.

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For farmers with base acres and eligibility to participate in Title I commodity safety net programs, the deadline for election and enrollment of covered commodities such as corn, soybeans, wheat, seed cotton, rice and peanuts into Agriculture Risk Coverage or Price Loss Coverage is quickly approaching. The cutoff date for completing the program election and enrollment process for the 2019 crop year is March 16, and the closing date for the 2020 crop year is June 30. (A producer can sign up for both crop years ahead of the March 16 deadline.)

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