Tariff aid focus on U.S. soybean farmers disappoints corn farmers

USDA announced more details on financial aid to farmers hurt by trades disputes. Direct payments to growers will total $4.7 billion, with $3.7 billion for soybean farmers, who will receive $1.65 per bushel on 50 percent of their projected production. For comparison, payments for other row crops include 1 cent a bushel on corn and 14 cents a bushel on wheat. Though corn exports to date have been affected less by trade disputes, corn farmers argue that corn prices are depressed as a consequence of pressure on the soy complex, claiming that the aid announced will not make up for all their losses.

Corn September futures

Source: DTN
Posted by: Information Services
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