US Agriculture Secretary announced

July 11, 2013 |

In Washington, US Agriculture Secretary Tom Vilsack announced that the Foreign Agricultural Service awarded fiscal year 2013 funding to more than 70 U.S. agricultural organizations to help expand commercial export markets for their goods. Under the Market Access Program (MAP), FAS will provide $172.7 million to 70 nonprofit organizations and cooperatives. MAP participants contribute an average 171-percent match for generic marketing and promotion activities and a dollar-for-dollar match for promotion of branded products by small businesses and cooperatives. Under the Foreign Market Development Program (FMD), FAS will allocate $25.4 million to 26 trade organizations that represent U.S. agricultural producers. The organizations, which contribute an average 183-percent cost share, will conduct activities that help maintain or increase demand for U.S. agricultural commodities overseas.

An independent study released in 2010 found that for every $1 expended by government and industry on market development, U.S. food and agricultural exports increase by $35. The past four years represent the strongest period for U.S. agricultural exports in the history of the United States. Farm exports in fiscal year 2012 reached $135.8 billion and supported 1 million jobs here at home. Exports of U.S. farm goods in fiscal year 2013 are projected to total $139.5 billion, which would set a new record.

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Category: Policy

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