Trump announces $16 billion in farm aid at White House event, a second emergency package for U.S. farmers hit by trade war
Soybeans awaiting transport sit in a truck bed in Delaware, Ohio, on May 14, 2019. Some farmers fear that the protracted trade war with China will permanently alter their sales, leaving them without a foothold in one of their largest markets. By Laura Reiley Laura Reiley Reporter covering the business of food Email Bio Follow May 23 at 3:46 PM BREAKING: With no end in sight to U.S.
The aid package is the second bailout for farmers after the Trump administration announced $12 billion in emergency measures last July. The relief plan aims to avoid problems that arose in the first aid package when soybeans received what many believed was a disproportionate amount of the money, while corn received only a penny a bushel. Other producers were shut out entirely from relief payments.
More niche crops, including tree nuts, sweet cherries, cranberries and grapes, will also be eligible for relief, depending on tariff impacts.Distributing relief funds by-county, and not by commodity, will hopefully discourage farmers from planting crops that would be more lucrative in aid money.
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