Biden administration to oversee new coronavirus payments to farmers
Considering the time needed to convert legislation into action, the Biden administration will oversee the payment of most or all of the $13 billion in agricultural aid that was included in the latest coronavirus package, said Agriculture Undersecretary Bill Northey on Tuesday. Still, there was a chance that some funds could flow before the end of January, or even before the change in the administration on Jan. 20, Northey said during a news conference.
Pandemic tops trade war in USDA payments to farmers
In less than nine months, U.S. farmers and ranchers have collected a mammoth $23.5 billion in pandemic relief payments, said the USDA on Monday, more than matching the $23 billion spent by the Trump administration to mitigate the impact on agriculture of trade war with China. Meanwhile, …
Huge federal payments will make up 36 percent of farm income this year
The government will send a record $32.8 billion in direct payments to farmers this year but the economic slowdown triggered by the coronavirus still will pull down farm income by 3 percent, said the FAPRI think tank at the University of Missouri on Tuesday. Federal supports would amount to 36 …
Trump launches coronavirus aid to agriculture, with a $750,000 top payment
The Trump administration modified its $16 billion coronavirus aid program for agriculture so it will be easier for farmers, particularly livestock producers and specialty crop growers who complained of inadequate support, to collect larger payments, to a maximum of $250,000 per person or …
As coronavirus drives down commodity prices, farm groups ask for aid
By driving down commodity prices, the coronavirus outbreak is draining $50-$90 an acre from the corn and soybean revenue that farmers expect to receive this year, said economists Brent Gloy and David Widmar on Monday. Farm leaders said the counterweight to falling prices and economic uncertainty should be federal support. (No paywall)
Amid trade war, farmers to collect largest federal payments in 14 years
Farmers and ranchers will receive a projected $10.7 billion in Trump tariff payments this year, the major reason that direct federal payments will amount to 22 percent of net farm income, say USDA economists. The trade war payments would be twice as large as last year's $5.1 billion, when the administration created the stop-gap Market Facilitation Program to mitigate the impact of the Sino-U.S. trade war on the agricultural sector.
Districts of House farm bill conferees draw over $9 billion in food and farm aid
A new analysis of USDA data by the Daily Yonder found that the districts of the 47 members of the House of Representatives who are serving on the farm bill conference committee receive over $9 billion in food and farm aid through nutrition programs and farm payments. The conferees will work to reconcile the House and Senate versions of the farm bill over the coming weeks.