USDA said today that the much-anticipated second tranche of Market Facilitation Program (MFP 2) payouts will begin being disbursed the week before Thanksgiving.
Producers of MFP-eligible commodities will receive 25% of the total payment expected, in addition to the 50% payout they received under the initial tranche of payouts. We fully expect the third, 25% tranche of payouts (tentatively slated for January) to go out as well, even if a Phase 1 trade deal is reached by year-end.
Signup for MFP 2 is still underway and will continue through Dec. 6, 2019. You can sign up at your local Farm Service Agency.