USDA invests $230m to expand export markets

accountMktgLSB | calendar-monthJanuary 18, 2024

From farmprogress.com:

 

This week USDA officials announced the agency’s Foreign Agricultural Service will award more than $230 million in funding to nearly 70 agricultural organizations. The money will be used to support market expansion efforts. It will be distributed through the Market Access Program and Foreign Market Development Program.

Around $174 million will be distributed by the Market Access Program to 68 nonprofits and cooperatives. Those groups will use the funds for brand and customer promotion initiatives in fiscal year 2024. Cotton Council International will receive the largest allocation at nearly $14.8 million. The U.S. Meat Export Federation and the Food Export Association of the Midwest USDA will receive $12.8 and $10.1 million respectively.

On the other end of the scale, the National Industrial Hemp Council. Synergistic Hawaii Agriculture Council. California Olive Committee, American Feed Industry Association and Mohair Council of America will each receive allocations totaling between $134,000 and $202,000.