This US Department of Agriculture\'s Foreign Agricultural Service (FAS) has just announced its fiscal year 2016 funding to more than 60 US agricultural organizations to help expand commercial export markets for US goods.
The American Soybean Association benefits from USD 4,622,873 under the Market Access Program (MAP) and USD 6,230,839 under the Foreign Market Development (FMD), which focuses on trade servicing and trade capacity building by helping to create, expand and maintain long-term export markets for US agricultural products.
USDA\'s international market development programs have had a significant and positive impact on US agricultural exports. An independent study released in 2010 found that trade promotion programs like MAP and FMD provide $35 in economic benefits for every one dollar spent by government and industry on market development.
\"USDA continues to expand markets for American goods abroad, work aggressively to break down barriers to trade, and assist US businesses with the resources needed to reach consumers around the world,\" said Agriculture Secretary Tom Vilsack. \"Together market access and market development activities can help agricultural organizations representing thousands of producers and businesses open and grow markets for American products around the world.\"