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Agriculture Coalition Supports Bill to Expand Export Promotion Funding

by Geraldine S.
02/19/2025
in Trade Policies

A coalition of 150 agriculture organizations, including the National Pork Producers Council (NPPC), is backing the Agriculture Export Promotion Act of 2025. Introduced by Rep. Dan Newhouse (R-Wash.), the bill seeks to double funding for the Market Access Program (MAP) and the Foreign Market Development Program (FMD), which support U.S. farmers and agribusinesses in expanding trade opportunities and strengthening export markets.

The bill has received bipartisan support from lawmakers representing key agricultural states. It comes as the U.S. faces a $45.5 billion trade deficit, while global competitors enhance their trade promotion efforts. The Coalition to Promote U.S. Agricultural Exports emphasizes the importance of these programs in ensuring continued access to international markets.

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Funding for MAP and FMD has remained unchanged since the early 2000s, despite their role in generating over $22 billion for the U.S. GDP and supporting nearly 226,000 American jobs. According to the coalition, each $1 invested in these programs from 1977 to 2019 returned an average of $24 to American agriculture.

Supporters, including Representatives Tracey Mann (R-Kan.), Brad Finstad (R-Minn.), Kim Schrier (D-WA), and Jim Costa (D-Calif.), argue that increasing funding will help U.S. farmers expand into new markets, enhance global competitiveness, and support rural economies.

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#AgTrade #ExportGrowth #FarmEconomy #GlobalMarkets #TradePolicy

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  • Home
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    • Ethical Sourcing
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© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.