Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

USDA United States Department of Agriculture : Awards Agricultural Trade Promotion Funding

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/19/2019 | 02:55pm EDT

Washington, D.C., July 19, 2019 - U.S. Secretary of Agriculture Sonny Perdue announced today that the U.S. Department of Agriculture (USDA) has awarded $100 million to 48 organizations through the Agricultural Trade Promotion Program (ATP) to help U.S. farmers and ranchers identify and access new export markets.

In May, President Trump authorized USDA to provide up to $16 billion in programs to support farmers, which is in line with the estimated impacts of unjustified retaliatory tariffs on U.S. agricultural goods and other trade disruptions. ATP is one of three programs that will assist agricultural producers while President Trump works to address long-standing market access barriers.

'China and other nations haven't played by the rules for a long time and President Trump is standing up to them, sending a clear message that the United States will no longer tolerate their unfair trade practices,' Secretary Perdue said. 'At USDA, we are always looking to expand existing markets or open new ones and this infusion of money will do just that. American farmers are so productive that we need to continue to expand our markets wherever we can to sell the bounty of the American harvest.'

The 48 recipients are among the cooperator organizations that applied for $200 million in ATP funds in 2018 that were awarded earlier this year. As part of a new round of support for farmers impacted by unjustified retaliation and trade disruption, those groups had the opportunity to be considered for additional support for their work to boost exports for U.S. agriculture, food, fish, and forestry products.

Already, since the $200 million in assistance was announced in January, U.S. exporters have had significant success, including a trade mission to Pakistan that generated $10 million in projected 2019 sales of pulse crops, a new marketing program for Alaska seafood that led to more than $4 million in sales of salmon to Vietnam and Thailand, and a comprehensive marketing effort by the U.S. soybean industry that has increased exposure in more than 50 international markets. These funds will continue to generate sales and business for U.S. producers and exporters many times over as promotional activity continues for the next couple of years.

The list of ATP funding recipients is available at: https://www.fas.usda.gov/atp-funding-allocations

#

USDA is an equal opportunity provider, employer, and lender.

Disclaimer

USDA - United States Department of Agriculture published this content on 19 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2019 18:54:09 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
09:36aGermany has fiscal muscle to counter next crisis - Scholz
RE
08:35aAustralia unveils roadmap for speeding changes to clean up banking sector
RE
07:15aCostly Tariff Spat Masks Deeper Trade Problems
DJ
07:15aDollar Towers Above Rivals, Posing Fresh Threats to Financial Markets
DJ
06:48aAfrica development bank says risks to growth 'increasing by the day'
RE
06:36aNo more spending excuses for Merkel as investment bottlenecks ease
RE
08/17Argentina Treasury minister resigns, says 'significant renewal' needed amid economic crisis
RE
08/17LAST ORDERS : Rise of closing auctions stirs worries in European stock markets
RE
08/17EUROPEAN EXTERNAL ACTION SERVICE : Joint statement by Federica Mogherini and the Minister of Foreign Affairs of Canada Chrystia Freeland on Hong Kong
PU
08/17CENTRAL PEOPLE GOVERNMENT OF PEOPLE RE : Chinese financial institutions report net FDI inflows in Q2
PU
Latest news "Economy & Forex"
Advertisement