The U.S. Department of Agriculture (USDA) has launched the Trade Adjustment Assistance (TAA) for Farmers Program to help American agricultural producers adjust to the current, challenging economic environment.
In August, USDA requested public comments on a proposed rule for establishing the procedures and eligibility criteria for receiving assistance. Comments focused on payment limitations and adjusted gross income, specialty crops and length of intensive training. The interim rule, published in the “Federal Register” March 1, immediately implements the TAA for Farmers Program and provides for an additional 30-day public comment period.
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 percent 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.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info