U.S. market-development programs have big impact overseas
Two USDA programs that share the cost of developing markets overseas for U.S. farm exports have a return on investment of 28 to 1, says a study by Informa Economics and released by U.S. Wheat Associates. The study said the Market Access Program (MAP) and the Foreign Market Development (FMD) program boosted farm export revenue by $8.2 billion annually from 1977-2014.
USDA apportions $200 million for ag export promotion
The Agriculture Department distributed $200 million in cost-sharing funds to 84 organizations to promote U.S. farm exports and to build markets for the products overseas.