USDA Launches Trade Adjustment Assistance for Farmers Program
Technical and cash benefits will help farmers adjust.
Compiled by staff
Published: Mar 9, 2010
USDA's Trade Adjustment Assistance for Farmers Program was launched early this month to help American agricultural producers adjust to the current, challenging economic environment. The public has until March 30 to comment on the program.
"As we work to help rural America recover from the worst economic crisis since the Great Depression, the Trade Adjustment Assistance for Farmers Program will create new opportunities for producers hurt by import competition," said Secretary of Agriculture Tom Vilsack. "Eligible producers will receive much-needed technical assistance and cash benefits to help them adjust to the current economic environment."
Re-authorized by the American Recovery and Reinvestment Act of 2009, the TAA for Farmers Program applies to producers of raw agricultural commodities and fishermen who show a greater than 15% decrease, contributed importantly by an increase in imports, in the national average price; the quantity of production; the value of production; or in cash receipts compared to the average of the three preceding marketing years. The assistance includes help in developing business adjustment plans that can serve as a guide for adjusting a producer's business operation to prevailing economic conditions.
USDA's Foreign Agricultural Service administers the TAA for Farmers Program with assistance from the National Institute of Food and Agriculture, the Farm Service Agency and the Agricultural Marketing Service. For more information, click HERE.
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Tagged: usda, farm, Farm Service Agency
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