The National Corn Growers Association says the second round of trade aid payments provide virtually no relief. According to NCGA the payments, released by the White House last week, sets the payment rate for corn at just one cent per bushel, despite the fact that corn farmers have suffered an average 44 cent per bushel loss since tariffs were first …
Market Facilitation Program Payments Stuck at OMB
Farmers thought they’d have more details on the second round of USDA trade-aid payments by now. However, Farm Journal says the payments are still under negotiations. USDA is negotiating with the Office of Management and Budget (OMB) for that second round of payments under the Market Facilitation Program. USDA had originally intended to release the information today, Monday, December 10, …
USDA Planning Trade Aid Round Two Distribution
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 …