Tuesday, March 5, 2024
HomeAg NewsUSDA Announces Market Development Program Investments for Fiscal Year 2024

USDA Announces Market Development Program Investments for Fiscal Year 2024

The USDA’s Foreign Agricultural Service is awarding more than $200 million to nearly 70 agricultural organizations to help expand export markets for U.S. food and agricultural products. The expansion efforts will happen through the Market Access Program and the Foreign Market Development Program.

“Over the year, we’ve seen the tremendous impact both MAP and FMD have on expanding U.S. exports to markets around the world,” says FAS Administrator Daniel Whitley. “For each dollar invested in export market development, U.S. agricultural exports have increased by more than $24.” He calls these programs a “significant boost to the agricultural industry,” which, in turn, helps strengthen the economies of communities across the entire United States.

Through MAP, FAS will provide $174.3 million for fiscal year 2024 to 68 nonprofit organizations and cooperatives. Under FMD, FAS will allocate $27 million to 20 trade organizations that represent American agricultural producers. To learn more, visit fas.usda.gov.

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