Market Access Program | | USMEF Heads MAP Allocation List For Fourth Success...
Market Access Program
USMEF Heads MAP Allocation List For
Fourth Successive Year
The U.S. Department of Agriculture (USDA) announced today (June 26) that USMEF’s allocation under the Market Access Program (MAP) for fiscal year (FY) 2002 will be $8,503,362. USMEF is the largest recipient of MAP funds for the fourth successive year. The FY 2002 $90 million MAP funding was shared between 67 trade organizations. The recently passed Farm Bill added $10 million to the MAP funding for FY 2002. USMEF has applied for a further allocation from this additional funding which will be allocated later this summer.
The USDA allocates funding to applicants based on four criteria:
· The support the organization receives from the private sector;
· Historic export performance;
· Projected export goals; and
· Accuracy of past export goals.
USMEF’s No. 1 funding is therefore an endorsement of its programs, strategies, planning, implementation and, most importantly, its support from the U.S. red meat industry.