the impact of trade war: Trump will subsidize US farmers $4 billion 700 million: Trump will subsidize US farmers $4 billion 700 million

Views:9     Author:Kerry     Publish Time: 2018-09-05

On August 28, U.S. Agriculture Secretary Sonny Perdue and other Department of Agriculture officials told reporters in a conference call Monday that applications for aid payments for crops such as soybeans began on September 4. They outlined the Trump administration's agricultural assistance program to help farmers affected by tariffs.

Payments to soybean growers were the highest ($3.6 billion out of a total of $4.7 billion), followed by payments to individuals by pork producers ($290 million) limited by farmers'income, with a ceiling of $125,000.

Additional commodity payments are likely to be required in 2019, and the USDA will spend $200 million to promote U.S. agricultural exports overseas.

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