Monday, July 30, 2018

Farmers say Trump's $12 billion in farm aid won't cover their losses from trade war

Farmers say Trump's $12 billion in farm aid won't cover their losses from trade war

USA Today
By Rick Barrett

Many farmers remain critical of President Donald Trump’s tariffs and the damage done to commodity prices even as he’s offered some cash to get them through a tough time.  Tuesday, the U.S. Department of Agriculture announced a $12 billion three-part plan that would borrow money from the U.S. Treasury to pay producers of corn, soybeans, dairy, pork, wheat, sorghum and cotton.  The USDA also will buy the surplus of commodities that would otherwise have been exported and distribute them to food banks and nutrition programs. That will cover beef, milk, pork, fruits, nuts, rice and legumes.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.