USDA Announces $6.5 Million to Strengthen Markets for U.S. Agricultural Products
WASHINGTON, DC - How can something great grow from nothing? The short answer is that it can’t. That’s why the U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS) has taken productive steps to invest in the future of our industry. Most recently, USDA announced its $6.5 million investment to strengthen and explore new market opportunities for U.S. food and agricultural products.
According to a press release, the USDA will use its investment in the following ways:
- $5.4 million will be awarded to 12 projects through Acer Access and Development Program (Acer)
- $1.1 million will be awarded to six projects through the Federal-State Marketing Improvement Program (FSMIP)
The Acer funding supports the efforts of states, tribal governments, and research institutions to increase market opportunities for the domestic maple sugaring industry. The FSMIP funding will assist in exploring new market opportunities for U.S. food and agricultural products and encourage research and innovation aimed at improving marketing system efficiency and performance.
The projects are funded for a three-year period beginning September 30, 2020.
New opportunities for growth are never far off, so keep checking in on the latest reports from ANUK.
