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.
Tariff aid focus on U.S. soybean farmers disappoints corn farmers
Posted by: Information Services
By admin|August 31, 2018|Categories: Corn & Soy Complex, Wheat|Tags: corn, farmers, soybeans, U.S. tariff aid, USDA, wheat|0 Comments
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