The U.S. government gave out $75 million to farmers in Central Ohio, as protection against its trade war with China. It helped prevent losses, but only for the short term. (WOSU)
Davis received a six-figure payment to supplement the return on last year’s soybean crop. He doesn’t want to see that happen again.
Agriculture Secretary Sonny Perdue introduced the initiative last year as a lifeline to producers of crops like corn, wheat and soybeans affected by the country’s trade dispute. MFP payments have amounted to nearly $75 million so far in Franklin County and nine other Central Ohio counties. The largest check was more than a half a million dollars for Hendren Farms’ soybeans. The smallest was just $2 for Sharon Washburn’s corn. Just over 3,400 farms received payments, and about 140 of them cracked the $100,000 mark.At almost $12 million, Pickaway County received the most among the 10 counties, while predominately urban Franklin County received the least with about $1.
Bret Davis is one of more than 3,400 farmers in Central Ohio receiving support amidst an ongoing trade dispute.Brown says between historic yields and the federal payments, most farmers in the region were able to stave off the massive losses his early models projected. Last year, Brown and other economists at Ohio State predicted aThose calculations didn’t account for a subsidy like the MFP, though.
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