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Shining Light on Farm & Food Policy for 20 Years.
Thursday, December 19, 2024
This is the first of a three-part series on the impact of U.S. agricultural exports on the U.S. exports and the risks and promise for ag trade going forward. U.S. ag trade sustains jobs up and down the supply chain. USDA estimates that every $1 billion in exports supports more than 6,300 jobs throughout the economy.
USDA is making available a fresh round of funding through the Regional Agricultural Promotion Program, a $1.2 billion effort funded from the department’s Commodity Credit Corporation.
Agriculture Secretary Tom Vilsack is announcing the first $300 million in awards to commodity groups today under a $1.2 billion trade promotion initiative he’s funding through his Commodity Credit Corporation spending authority.
USDA is awarding commodity groups the first $300 million in trade promotion grants under a $1.2 billion initiative known as the Regional Agricultural Promotion Program and funded through the department’s Commodity Credit Corporation spending authority.
The Agriculture Department announced Wednesday it will dole out $300 million during the first year of its new $1.2 billion Regional Agricultural Promotion Program, or RAPP.
USDA took a key step Thursday in rolling out its new $1.3 billion international trade initiative, the Regional Agricultural Promotion Program, and unveiled plans for trade missions next year to Vietnam, India, South Korea, Canada, Colombia and Morocco.
The Agriculture Department has a lot of services, funding and tools for specialty crop farmers – including a new $100 million program to help producers sell their crops overseas – and the USDA wants to make sure that those farmers take advantage of them, Deputy Secretary Xochitl Torres Small told reporters Thursday.
U.S. farm groups were quick to cheer Tuesday's announcement of a $1.3 billion investment in a new Regional Agricultural Promotion Program after waiting for weeks for the USDA to confirm its plans to fund a new program to help promote ag exports.
