Senators Angus King (I-Maine), Joni Ernst (R-Iowa), Tina Smith (D-Minn.) and Chuck Grassley (R-Iowa) recently introduced legislation to increase annual funding for the USDA Market Access Program (MAP) and Foreign Market Development Program (FMD) Program ? key programs that bolster global demand for U.S. agricultural products.
U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom said that, while MAP and FMD have received steady funding from Congress and the programs have strong bipartisan support on Capitol Hill, MAP funding has remained static since 2006, and FMD funding has not been increased since 2002. The proposed bill would double mandatory funding for MAP from $200 million to $400 million annually and would double mandatory FMD funding from $34.5 million annually to $69 million annually.
The funding USMEF receives from these programs is an important investment that has a proven track record of delivering strong returns for U.S. agriculture. Halstrom added that support from USDA complements the producer dollars invested in international marketing of U.S. pork, beef, and lamb, which will help drive U.S. red meat exports to nearly $20 billion in value in 2022.
For more information, visit usmef.org.
