Market Facilitation Program
‘City slickers’ get Trump tariff payments
More than 9,000 people living in the largest U.S. cities received thousands of dollars in Trump tariff payments intended to mitigate the impact of the trade war on U.S. agriculture, said the Environmental Working Group on Thursday.
Rise in commodity prices slows decline in farm income, say bankers
Agricultural lenders expect farm income, which weakened in the spring, to continue to decline this summer, although a recent rally in corn, soybean, and wheat prices will act as a stabilizer, said Federal Reserve banks in Kansas City, Minneapolis, and St. Louis on Thursday.
The $2 billion difference in Trump trade aid
The Trump administration has spent notably less than commonly described on its package to mitigate the impact of the trade war on 2018 agricultural production. This year’s version may come closer to the $16 billion maximum trumpeted by the president because of more accommodating payment rules.
Don’t look for farm bailout by Congress, warns Peterson
On Thursday, hours before the second-largest U.S. farm group said producers “are in desperate need of a lifeboat to keep them afloat,” the House Agriculture chairman said that fiscal constraints would preclude Congress from a multibillion-dollar bailout for farmers.