usda

USDA Planning Trade Aid Round Two Distribution

Dan Economy, Industry News Release, Trade

The Department of Agriculture (USDA) is readying round-two of trade mitigation payments for farmers. The payments are the second half of the $12 billion program by the Trump administration to compensate farmers for losses stemming from Trump’s trade agenda. Agriculture Secretary Sonny Perdue said he doesn’t expect the payments “any later than December,” according to Politico. USDA previously used about …

dairy farmers

Dairy Farmers Ask Trump Administration to Provide Needed Compensation for Lost Trade

Dan Dairy, Industry News Release, Trade

U.S. dairy farmers at their annual meeting asked President Donald Trump to recognize the significant economic losses milk producers are suffering because of the administration’s implementation of Section 232 and 301 tariffs. The duties have resulted in retaliatory tariffs against U.S. dairy exports, particularly in Mexico and China. They continue to cause severe economic harm to U.S. dairy farmers, according …

tariffs

U.S. Planning Another Round of China Tariffs

Dan Industry News Release, Trade

The United States is readying more tariffs against China if there is no positive momentum following a meeting between President Trump and China’s President Xi Jinping. Bloomberg News reports the new round will be announced if the talks during the G20 summit between the two fails. The new round, proposed to be announced in early December, would apply to imports …

canada

Canada Announces New Dairy Working Groups

Dan Dairy, Industry News Release, Trade

Agriculture and Agri-Food Canada this week announced new dairy working groups to address industry concerns. Agriculture Minister Lawrence MacAulay announced the new working groups comprised of dairy farmers and processors. Canada says that while informal engagement has already begun with the dairy sector, the working groups bring together officials from Agriculture and Agri-Food Canada, representatives from national dairy organizations and …

trade deal

Canada Willing to Stall Trade Deal with China until China is More Reasonable

Dan Exports/Imports, Industry News Release, Trade

Canada is willing to stall a potential trade deal with China until China starts behaving better, according to CBC News. Canada’s ambassador to China says a trade pact doesn’t seem likely to be reached until China shows flexibility on controversial policies. Ambassador John McCallum says right now, much of the work on a potential trade agreement is focusing on “bridging …

trade

Perdue Talks Possible Trade Aid Adjustments

Dan Economy, Industry News Release, Trade

USDA is considering the possibility of adjusting direct payments to producers who’ve been hurt by the trade war. The adjustments may include factoring in hurricane damage after southeast U.S. producers were hit hard by hurricanes this year. A DTN report says Perdue asked USDA staff to look at the fact that they believe payments should be based on actual production …

grassley

Grassley: No Trade Aid for Smithfield Foods

Dan Industry News Release, Trade

When it comes to just who is eligible for trade aid, Iowa Senator Chuck Grassley said Smithfield Foods shouldn’t be one of the companies which are eligible help. Smithfield is owned by Chinese conglomerate WH Group. Grassley took to Twitter and says, “Smithfield seems to be in a ‘can’t-lose’ situation thanks to American taxpayers.” A spokesman for the Iowa Republican, …

federal

Federal Reserve: NAFTA 2.0 Won’t Help Dairy Industry

Dan Dairy, Exports/Imports, Industry News Release, Trade

The North American Free Trade Agreement (NAFTA) replacement will not benefit dairy farmers, according to the Federal Reserve Bank. A report by the Federal Reserve says gains made by the new U.S.-Mexico-Canada Agreement that will replace NAFTA are “too small and too far in the future to help dairy farmers.” The Minneapolis Fed reported that “a substantial number of dairy …