President Trump’s promise to protect U.S. agriculture from retaliatory tariffs by China and other countries will be paid on the installment plan.
The payment rates for the farm aid were announced Monday.
The Trump administration will hear hours of testimony about its proposed 25% tariffs on $200 billion in Chinese products on Monday.
A small group of negotiators will write the final version of the $87-billion-a-year farm bill in the weeks ahead.
U.S. farmers will reap a record-large soybean crop in the middle of a trade war with China with no replacement buyer on the horizon.
Due to continued strong overseas demand, U.S. corn exports could be the second-largest ever this trade year, says USDA.
One in seven farmers who voted for President Trump in 2016 would not vote for him today, according to a poll released on Monday.
Many farmers are expected to abandon ARC in favor of the traditionally styled Production Loss Coverage when given the chance.
The U.S. “will be able to start paying down large amounts” of the national debt because of tariffs imposed on imported goods, said President Trump on Sunday.
Two national farm leaders called for federal protection from lawsuits that hold farmers liable for the noise and foul odors of increasingly large-scale agricultural production.