The U.S. agriculture community has been awarded millions of dollars in annual funding to help expand commercial export markets. The U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) has earmarked around $226 million through its Foreign Market Development (FMD) program and Market Access Program (MAP) for fiscal year 2011 that will be provided to 70 U.S. agriculture organizations.
Under FMD, a total of $31.7 million will be allocated to 22 trade organizations that represent U.S. agricultural producers. The organizations, which must contribute a minimum 50 percent cost share, will conduct activities that help maintain or increase demand for U.S. agricultural commodities in world markets. The National Renderers Association (NRA) received $837,791 in FMD funding for this fiscal year, a drop from $945,818 in 2010, but in line with previous years.
FAS will provide $194.4 million to 68 non-profit organizations and cooperatives under MAP, whose participants must contribute a minimum 10 percent match for generic marketing and promotion activities, and a dollar-for-dollar match for promotion of branded products by small businesses and cooperatives. NRA was granted $831,676 for fiscal year 2011, a comparable figure to previous years.
According to FAS, every $1 billion in farm exports supports roughly 8,400 jobs in the United States, with exports in fiscal year 2011 (October 1, 2010-September 30, 2011) projected to surpass previous records by $20 billion. In addition, the agricultural trade balance – a balance of U.S. exports versus foreign imports – is also projected to set a record surplus of $47.5 billion in 2011.
Other FAS funding recipients included the American Soybean Association, $6.6 million in FMD and $4.4 million in MAP; U.S. Hide, Skin and Leather Association, $98,092 in FMD and $140,228 in MAP; U.S. Meat Export Federation, $1.6 million in FMD and $16.2 million in MAP; and U.S. Poultry and Egg Export Council, $1.2 million in FMD and $5.4 million in MAP.
June 2011 RENDER | back