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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (1152259)7/25/2019 4:16:53 PM
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Trump regime to pay farmers at least $15 per acre to make up for Trump's trade war

U.S. To Pay $15 Minimum Per Acre To Farmers Hurt By China Trade War

Agriculture Secretary Sonny Perdue announced that the aid package details would be made public by the end of the week.

The U.S. government will unveil a $16 billion aid package before the end of the week that intends to compensate U.S. farmers that have been affected by the U.S.-China trade war, according to Reuters.

Agriculture Secretary Sonny Perdue said that farmers would be given a minimum payment of $15 per acre.

Soybeans are considered the most valuable U.S. farm export, but shipments to China had fallen to a 16-year low in 2018.

Craig Ratajczyk, chief executive of the Illinois Soybean Association, said the $15-per-acre minimum would boost farmers’ confidence, now that they are focused on their autumn harvests following severe planting delays this spring.

This will be the second round of assistance given to U.S. farmers, a key Trump constituency, after the Department of Agriculture’s $12 billion plan last year to compensate for lower prices for farm goods lost sales to Trump’s ongoing trade disputes.

U.S. President Donald Trump and Chinese President Xi Jinping agreed at the Group of 20 summit in Osaka last month to restart trade negotiations. Trump agreed to not impose new tariffs and China had agreed to make agricultural purchases. However, on July 11, Trump said China was not fulfilling its promises to buy U.S. farm goods.