It’s being called the MFP, or Market Facilitation Program.

It’s billed as being for farmers who were “directly impacted by unjustified foreign retaliatory tariffs…which brought the loss of traditional export markets.” Iowa State University Extension farm management specialist Steve Johnson says farmers will need to provide one number for each crop, if they want to take part in the Trump Administration’s mitigation plan.

Johnson says it’s important to expedite the applications for soybeans because that first payment could be $40 to $50 per acre. The M-F-P – administered by the U-S-D-A Farm Service Agency – will provide direct payments to eligible producers of soybeans, sorghum, corn, wheat, cotton, dairy, hogs, shelled almonds, and fresh sweet cherries.