MPP 2018: 20,000 Farmers, $90 Million In Payments So Far
As checks totaling more than $90 million were issued to farmers enrolled in the Margin Protection Program (MPP) on Tuesday, USDA extended the enrollment period to give producers another chance to enroll.
While more than 20,000 farmers enrolled in the program last week, 5,000 of those folks signed up on Thursday and Friday. In an effort to make sure producers who want to enroll have an opportunity to, the agency extended enrollment to June 8.
On a call with reporters yesterday, USDA undersecretary Bill Northey said that while total enrollment is falling short of 2017 enrollment, the agency expects more farmers to sign up. Currently, roughly half of all licensed dairy farms in the country are enrolled and they represent more than half of the total milk volume in the U.S.
Payments issued on Tuesday were made to producers who had enrolled in the program prior to May 30. The remaining payments owed will be issued in the coming days, according to Northey.
“These checks are important in challenging times,” he said. “We want to get them out quickly.”