Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

Uncle Sam Invests a Dollar in MAP and FMD to US Grains Council- Gets an Amazing $20 Back in Tax Revenues

Thu, 15 Feb 2018 04:47:00 CST

Uncle Sam Invests a Dollar in MAP and FMD to US Grains Council- Gets an Amazing  $20 Back in Tax Revenues Spending on overseas market development for U.S. feed grains and related products increased the value of those exports by an average of $1.71 billion per year from 2010 to 2014 and increased U.S. gross domestic product (GDP) by an average of $5 billion per year, returning $19.76 for every $1 spent by taxpayers.

Those were key takeaways from a review of the full economic value of the Council’s programs presented by Dr. Harry Kaiser, professor of applied economics and management at Cornell University, during the final day of the organization’s 15th International Marketing Conference and 58th Annual Membership Meeting in Houston.

Kaiser recently analyzed the combined effect of USGC member support and funding from the U.S. Department of Agriculture’s (USDA’s) Market Access Program (MAP) and Foreign Market Development (FMD) program, together totally approximately $20 million per year during the study period.

In addition to successes related to export value and GDP, Council activities created 23,699 full-time jobs with $1.12 billion in labor income each year while reducing direct government payments to farmers of U.S. grains by an average of $15.3 million a year.

“Dr. Kaiser has extensive experience in looking at programs like ours and telling stakeholders if they are getting their money’s worth,” said Deb Keller, USGC chairman and farmer from Iowa. “We have a great story to tell in this regard. Our programs are not only working for our members, they are returning many times more to the federal treasury than they cost.”

On the cusp of the debate over the new farm bill, Kaiser also presented his analysis of what would happen to grain exports and the economic benefits they produce if USDA funding for market development were to be cut. He found a 50 percent cut in FAS funding would cause farm receipts to fall by almost $1.7 billion, and government payments through farm safety net programs would increase by $76.6 million annually.

“We know from nearly 60 years of experience that market development works, building close relationships with our customers works, and being active on trade policy issues that stymie growth works,” Keller said. “The study Professor Kaiser presented puts numbers to these outcomes and will help us tell our story to the stakeholders investing in us.”

Also at the Wednesday meeting, a panel of USGC international staff shared their perspectives on ethanol market development and promotion efforts in three key and growing markets, Japan, India and Latin America.

“The Council’s global network of staff, consultants and representatives work every day in more than 50 markets,” Keller said. “The combination of their efforts and the commitment of our members to the Council’s mission of developing markets, enabling trade and improving lives is truly impressive.”

Click here to read Dr. Kaiser's presentation made in Houston.



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Taiwan Flour Millers Tour Oklahoma Wheat Industry During Trade Mission That Saw the Millers Pledge to Buy 66 Million Bushels of US Wheat   Mon, 23 Sep 2019 06:04:33 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, September 20, 2019  Fri, 20 Sep 2019 15:43:01 CDT
  • Agricultural Grants and Loans Available Through Oklahoma Agriculture Dept., Application Deadline Oct. 1  Fri, 20 Sep 2019 14:46:43 CDT
  • Kim Anderson Advises Producers to Stagger Their Wheat into the Market as Wheat Follows Corn Prices  Fri, 20 Sep 2019 14:44:36 CDT
  • Friday Market Wrap-Up with Justin Lewis  Fri, 20 Sep 2019 13:55:48 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn   Fri, 20 Sep 2019 13:52:45 CDT
  • Secretary Perdue Highlihgts Administrative Actions by Dept. of Labor to Streamline Burdensome H-2A Process  Fri, 20 Sep 2019 11:56:22 CDT
  • Eight Local Cattlemen's Organizations Receive Payout Checks from the OCF Steer Carcass Challenge  Fri, 20 Sep 2019 11:41:53 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA

    Search OklahomaFarmReport.com

    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.