The purpose of the FSMIP is “To explore new market opportunities for U.S. food and agricultural products, and encourage research and innovation aimed at improving the efficiency and performance of the U.S. agricultural marketing system.” The program specifically helps to fund applied research projects across four project categories:
- Agricultural Product Distribution
- Cooperative Development
- Economic Research to Clarify Marketing Barriers and Opportunities
- Agricultural Product Development
The project must have a strong marketing focus and must involve research. The primary beneficiaries should include agricultural producers and agribusinesses. Projects are not eligible if they include construction or purchase of land for a non-federal entity; benefit only one producer or individual; depend upon the completion of another project or receipt of a different grant; or duplicate activities that have been funded under another federal award.
FY 2018 In 2018, the FSMIP was announced and open for applications on March 7, 2018 with a submission deadline of May 7. Total funding available was anticipated at $1 million.
FY 2017 The program funded 6 projects in 2017 for total project funding of $938,863.74. A complete list with summaries of all funded projects can be found here.
FY 2016 The FSMIP awarded $982,437 in grant funds to 12 projects in 2016. Click here for a full list and summary of the funded projects from FY 2016.