The USDA has received nearly 805,000 applications and paid out $6.41 billion so far in the Trump tariff payments created to buffer the impact of the Sino-U.S. trade war.
The tenor of Sino-U.S. negotiations is heartening but “we’re still a long way” from resolving the trade war, said Agriculture Secretary Sonny Perdue at a cattle industry conference.
Chinese President Xi Jinping said Beijing will buy more U.S. farm exports, a decision that Trump hailed as a sign of good faith in ongoing negotiations to end the trade war between the nations.
Farm-gate prices for corn and soybeans, the two most widely grown crops in the United States, are stuck in a rut for years to come, said the CBO on Monday in its long-term budget outlook.
The USDA will begin today to clear out a month’s worth of backlogged data, including major reports that could jolt commodity markets and color farmers’ decisions on crops to plant this spring.
U.S. farmers may receive noticeably less in Trump tariff payments than originally expected, a senior USDA official said on Thursday.
Federal meat inspectors are reporting to work without pay during the partial government shutdown, said an industry trade group on Wednesday.
President Trump devoted the bulk of his speech at the American Farm Bureau Federation convention to the ongoing fight with Congress for $5.7 billion for a wall along the Southern border.
‘We’re with you, Mr. President,’ said Duvall, adding a caveat. ‘The runaway of our patience will be determined by the financial situation of our farms. We went into the battle very weak.’
The partial government shutdown is putting a kink in the Trump tariff payments to farmers and it could prevent the EPA from approving the sale of E15 by the summer, as promised by President Trump.