Agriculture Department Will Pay $4.7 Billion To Farmers Hit In Trade War

[kevinUsa]

The Department of Agriculture will pay $4.7 billion to farmers growing soybeans, cotton and other products hit by tariffs in the Trump administration's hard-line trade war with China, announcing the first batch of payments from a $12 billion government aid package.

Starting next Tuesday, the agency will take applications from farmers who produce corn, cotton, dairy, hogs, sorghum, soybeans and wheat — products that were targeted in China's retaliatory tariffs, after the U.S. imposed a 25 percent levy on $34 billion worth of Chinese imports.

POLITICS

Trump Administration Plans $12 Billion In Farm Aid To Offset Tariffs

Most of the money — more than $3.6 billion — will go to soybean farmers. China has been the No. 1 export market for U.S. soybeans, buying nearly a third of all American-grown soybeans in 2017.

"Our farmers work hard and are the most productive in the world, and we aim to protect them," said Agriculture Secretary Sonny Perdue, announcing the payment plan.

Soybean prices have fallen this summer — a process that started even before the U.S. and China hit each other with tariffs in early July.

 

BUSINESS

How Are Tariffs Affecting You?

"This will provide a real shot in the arm for our growers, who have seen soybean prices fall by about $2.00 per bushel, or 20 percent" since June, saidAmerican Soybean Association President John Heisdorffer.

Those helped the most, Heisdorffer added, will be the farmers who didn't have contracts in place ahead of their harvest and are facing a possible gap in their ability to pay for next year's planting season.

Another farmers' group, the Minnesota Soybean Growers Association, welcomed the news of financial help, even as they urged President Trump to end the trade war

[The Warrior]

Calling patti aapram king @Paidithalli

[Android_Halwa]

Trump is unnessasary stirring an unusual trade balance...

 

[Android_Halwa]

USA had such a good system in place, checks and ball aces in place which has ensured better Presidents for 44 times but 45th time, their system miserably failed and here comes Trump.

Govt is now supporting farmers in an Indian way...way to go for the American agriculture, your bad days have just started and collapse is the only future. 

[kevinUsa]

1 minute ago, Android_Halwa said:

Trump is unnessasary stirring an unusual trade balance...

 

4.7bnonly for soya inka corn and wheat ku ento 

too much bailout. if these policies continue next time thata ku kastame 

[Android_Halwa]

1 minute ago, kevinUsa said:

4.7bnonly for soya inka corn and wheat ku ento 

too much bailout. if these policies continue next time thata ku kastame 

Farmers are getting free money man...infact, such farmers will vote for Trump again. 

[kevinUsa]

2 minutes ago, Android_Halwa said:

USA had such a good system in place, checks and ball aces in place which has ensured better Presidents for 44 times but 45th time, their system miserably failed and here comes Trump.

Govt is now supporting farmers in an Indian way...way to go for the American agriculture, your bad days have just started and collapse is the only future. 

agriculture is very imp for american economy.

 we cannot survive on eating $$.  if it continues farmers will start protesting.  big blow to thata voter base 

[kevinUsa]

2 minutes ago, Android_Halwa said:

Farmers are getting free money man...infact, such farmers will vote for Trump again. 

Govt cant keep  giving free money to people .

thats bad for any economy. short term gains long term  lossess

[Anta Assamey]

Is it lIke American Runa Mafi .... 

[Idassamed]

21 minutes ago, Anta Assamey said:

Is it lIke American Runa Mafi .... 

It is.

[tom bhayya]

32 minutes ago, Anta Assamey said:

Is it lIke American Runa Mafi .... 

Runa mafi kaadhu gittubaatu dhara