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AP: Farmers will get more money from Trump. They still have more problems
The $12 billion aid targets losses from low prices and export declines due to the trade war with China, with payments capped at $155,000 per eligible farm.
- On Monday, President Donald Trump announced $12 billion in one-time payments to U.S. farmers, capped at $155,000 per farmer with $900,000 adjusted gross income limits, and ordered DOJ and FTC to investigate food supply chain practices.
- Past federal payments included $22 billion in 2019 and $46 billion in 2020, following trade disputes that hit American soybean and sorghum farmers, who typically export at least half their crops.
- Many producers are ordering supplies for next year's crops and meeting bankers while urging more buyers, as Charlie Radman and Gene Stehly call payments a welcome stopgap that won’t solve industry problems.
- The payments are expected to offer short-term relief since even if China’s soybean purchases meet targets, U.S. farmers only approach pre-Trump sales levels, while agriculture groups push expanding domestic uses and large farming operations raise distribution concerns.
- Rural voters say patience with Washington is wearing thin as Farmers want expanded markets outside China and greater certainty while Chinese embassy spokesperson Liu Pengyu says trade cooperation proceeds 'in an orderly manner' amid concerns about higher input costs.
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42 Articles
Pioneer Press+28 Reposted by 28 other sources
US farmers will get more money from Trump. They still have more problems
Farmers in the U.S. are feeling the strain from trade disputes, particularly with China. President Trump announced $12 billion in aid, but many farmers say it's not enough.
·Saint Paul, United States
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Coverage Details
Total News Sources42
Leaning Left4Leaning Right1Center36Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
C 88%
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