The U.S. government will pay American farmers hurt by the trade war with China b...
WASHINGTON/CHICAGO - The U.S. government will pay American farmers hurt by the trade war with China between $15 and $150 per acre in an aid package totaling $16 billion, officials said on Thursday, with farmers in the South poised to see higher rates than in the Midwest.
U.S. farmers, a key Trump constituency, have been among the hardest hit in the year-long trade war between the world’s two largest economies. Shipments of soybeans, the most valuable U.S. farm export, to top buyer China sank to a 16-year low in 2018. In the new aid package, the U.S. Department of Agriculture said it would pay farmers according to geographic location rather than by crop - a change from last year.
The average county payment rate is about $95 per acre in Alabama, $87 in Mississippi and $70 in Louisiana. Payment rates were lower in the Midwest, with a $69-per-acre county average in Illinois, the country’s top soybean producer, and a $66 average in Iowa, the top corn- and hog-producing state. “These payments are enough to make a difference, kind of get us to the harvest,” said Tim Bardole, an Iowa corn and soybean farmer.
Trade talks between China and the United States broke down in May after getting close to a potential agreement and were only revived in a meeting between Trump and Chinese President Xi Jinping last month.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. to pay farmers $15-$150 per acre from August, part of $16-billion trade aidThe U.S. government will pay American farmers between $15 to $150 per acre start...
Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »
The EU's long, drawn-out trade deal with South America is at risk of being rejectedThe European Union and four South American countries put an end to 20 years of trade discussions last month, but it is not yet clear whether their deal will ever see the light of day.
Read more »
South Korea asks Japan not to drop it from smooth-trade listSouth Korea protested on Wednesday against a Japanese plan to remove it from a J...
Read more »
South Korea protests Japan's 'grave' plan to drop it from smooth-trade listSouth Korea protested on Wednesday against a Japanese plan to remove it from a l...
Read more »