With the release of the President’s FY2013 budget this week, the National Council of Farmer Cooperatives (NCFC) applauded the Administration’s decision to help promote U.S. agricultural exports by fully funding the U.S. Department of Agriculture’s Market Access Program (MAP) and Foreign Market Development (FMD) program.
“Exports are absolutely essential to ensuring the continued strength of American agriculture and to boosting the economy in communities across the country,” said Chuck Conner, president and CEO of NCFC. “Programs like MAP help to accomplish these goals while providing the American taxpayers with a tremendous return on investment. A study conducted last year by IHS Global Insight indicated that every dollar invested in export promotion through MAP leads to $35 in additional exports.”
Both MAP and FMD are administered on a cost-share basis, and are among the few export tools not specifically capped under World Trade Organization rules. The programs help to promote U.S. agricultural exports in countries across the world; small businesses, nonprofit trade organizations, and farmer cooperatives are eligible to receive MAP funds.