Ag Secretary Tom Vilsack has announced that 21 organizations benefited from receiving a total of $34.15 million in fiscal year 2010 through the Foreign Market Development program. The FMD program provides cost-share assistance to nonprofit U.S. agricultural trade organizations to develop and maintain foreign markets for U.S. agricultural products. FMD cooperators must match a minimum of 50% of the funds allocated under the program.
FMD funds are allocated to U.S. trade organizations with the broadest possible producer representation. Activities must contribute to the maintenance or growth of demand for agricultural commodities and generally address long-term foreign import constraints and export growth opportunities. Secretary Vilsack says these market development programs provide opportunities to organizations working on behalf of America's farmers to expand U.S. exports as part of the President's National Export Initiative.
For Fiscal Year 2010, FAS' Emerging Markets Program supported 83 agricultural export promotion projects with funding totaling $8.3 million. The Market Access Program allocated approximately $197 million, providing cost-share assistance to 66 nonprofit U.S. trade organizations and small-sized entities. Thirteen organizations received funding allocations under the Quality Samples Program in Fiscal Year 2010 for approximately $1.89 million and the Technical Assistance for Specialty Crops Program allocated more than $7.3 million to 26 organizations
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