AMI wants continued Export Program Funding

In a May 18 letter to Rep. Jack Kingston (R-Ga.), who chairs the subcommittee, and Ranking Minority Member Rep. Sam Farr (D-Calif.), coalition members asked that the Market Access Program (MAP) be funded at no less than $200 million for FY 2012, as authorized in the 2008 Farm Bill. The letter also called for the Foreign Market Development (FMD) program to be funded at no less than $34.5 million, as provided in the Farm Bill. 

 

“We are strongly supportive of the administration’s commendable goal through the National Export Initiative (NEI) of doubling U.S. exports over five years. For agriculture, MAP and FMD are key tools in making this a successful effort,” the letter stated.

 

Coalition members cited a recent study by IHS Global Insight that showed for every additional $1 expended by government and industry on cost-share export market development programs between 2002 and 2009, U.S. food and agricultural exports increased by $35. The study also found that U.S. domestic farm support payments were reduced by roughly $54 million annually due to higher prices from increased demand abroad, thus reducing the net cost of farm programs.  

 

“U.S. agriculture has to compete in the international marketplace, and is even more important today as our competitors continue to use their considerable financial resources to gain market share,” the letter concluded.

 

To view the letter, click here

 

Source: American Meat Institute (AMI)