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USDA allocates $2.3 billion to boost US Agri exports and global food aid
USAgNet - 11/27/2023

The U.S. Dairy Export Council (USDEC) and the National Milk Producers Federation (NMPF) have welcomed the U.S. Department of Agriculture's (USDA) recent announcement of a $2.3 billion investment from the Commodity Credit Corporation. This funding is aimed at enhancing market opportunities for U.S. agricultural producers and expanding food aid globally.

Senate Agriculture Committee leaders, Chairwoman Debbie Stabenow, D-MI, and Ranking Member Sen. John Boozman, R-AR, initiated the request for this expanded support in late August. The USDA has allocated $1.3 billion to the new Regional Agricultural Trade Promotion Program and $1 billion to international food aid, focusing on commodities.

Jim Mulhern, president and CEO of NMPF, expressed gratitude for this investment, recognizing its potential to enhance global market opportunities for the U.S. dairy sector. He emphasized the importance of exports for the dairy industry and urged Congress to further support export promotion in the upcoming Farm Bill.

Krysta Harden, president and CEO of USDEC, also praised the initiative, highlighting its benefits for the entire dairy supply chain. The funding is expected to create new markets and promote nutritious dairy products in food aid programs. USDEC and NMPF, along with other agricultural leaders, are advocating for Congress to double funding for the Market Access Program and Foreign Market Development program, which have not seen an increase in over 16 years.

This substantial investment by the USDA is a significant boost for U.S. agriculture, especially the dairy industry, positioning it for greater competitiveness in the global market and contributing to global food security.

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