American Soybean Association, USMEF, Top Trade Funding Recipients

The American Soybean Association will receive $21.8 million from the Agricultural Trade Promotion Program as part of the $200 million of trade promotion funds. The funds are part of the Trump administration’s efforts to curb trade war impacts on agriculture. U.S. Soybeans were targeted by tariffs from China as a retaliation to U.S. trade policy. The U.S. Meat Export Federation will receive the second-highest funding amount at $17.5 million. USMEF CEO Dan Halstrom says the funding will help agriculture organizations “defend existing market share and develop new destinations for U.S. agricultural products.” The U.S. Grains Council will receive $13.9 million. Meanwhile, the Food Export Association of the Midwest USA and the Food Export USA Northeast organizations each received more than $13 million. 57 organizations were named to receive funding in the announcement last week. The program provides assistance to eligible groups for consumer advertising, public relations, point-of-sale demonstrations, trade fair participation, and market research.