China may agree to buy U.S. ag exports, but a final tranche of cash to farmers is still likely

On the same day that China and the United States tentatively reached a “phase one” agreement on a trade deal, Agriculture Secretary Sonny Perdue said that he expects producers will still receive the final $3.6 billion in trade war payments President Trump authorized last spring.

Keep trade war payments flowing, say ag bankers

The Trump administration has sent $10.5 billion in cash to producers since mid-August to mitigate the impact of the Sino-U.S. trade war, aid that comes on top of $8.6 billion paid for 2018 crops and livestock. “Yes, [the payments] are helpful,” said a Kansas banker on Wednesday — and the government should keep writing the checks.

Kudlow says ‘no arbitrary deadlines,’ but a Sino-U.S. trigger date is near

China said it would waive import tariffs on some shipments of U.S. soybeans and pork in a goodwill gesture hours before White House economic adviser Larry Kudlow said the two nations were close to an interim agreement on the trade war. "No arbitrary deadlines," said Kudlow, but the Trump administration has set Dec. 15 as the date for higher duties on $160 billion of consumer goods made in China.

Farm income is highest in six years, thanks to Trump’s trade-war bailout

Fueled by $14.5 billion in Trump tariff payments, U.S. net farm income will climb to its highest total since the commodity boom crested in 2013 and a dramatic rebound from the plunge that accompanied its collapse, the USDA estimated. When crop insurance indemnities are added to "direct farm program payments," a category that includes trade war aid, land stewardship payments and traditional crop supports, the government will provide an unusually high 31 percent of farm income this year.

Cautious farmers dim Deere’s outlook for 2020

The world's largest farm equipment maker, Deere and Co., expects sales of its agricultural equipment to decline by 5-10 percent globally in the year ahead due to lower demand for big machinery. "Lingering trade tensions coupled with a year of difficult growing and harvesting conditions have caused many farmers to become cautious about making major investments in new equipment," said chief executive John May.

Two states top $1 billion in Trump tariff payments this year

Producers in Iowa and Illinois reaped 20 percent of the trade war payments from the Trump administration, as cash disbursements leaped to nearly $10.2 billion nationwide for this year's crops and livestock. Iowa collected $1.15 billion and Illinois $1.06 billion, according to the USDA.

Stronger-than-expected sales to China buoy US ag exports

The China-U.S. trade war cut deeply into U.S. farm exports to China, but not as far as initially estimated, said the Department of Agriculture on Monday. The agency forecasted $139 billion in agriculture exports, the largest amount in three years and up 3 percent from 2019. A key reason for the …

Trump tariff payments may bring WTO woes, says think tank

The United States could tarnish its leadership for fair trade in agriculture because of its multibillion-dollar trade-war payments to farmers, said a report issued by the free market American Enterprise Institute on Tuesday. Author Joe Glauber, former USDA chief economist, said the Market …

After ups and downs, farm groups look for finality on trade

As lawmakers become more vocal in criticizing Trump tariff payments, U.S. farm groups  increasingly are quiet on trade issues. The reasons range from weariness to uncertainty over what's to come, whether it's the Sino-U.S. trade war, congressional approval of the USMCA with Canada and Mexico, or implementation of new ag trade rules with Japan, say analysts and farm group officials.

APEC gone, ‘phase one’ still on track

The “phase one” agreement that calls for China to purchase vast amounts of U.S. farm exports should be ready for signature by mid-November, regardless of the cancellation of the summit meeting where President Trump and President Xi Jinping were expected to sign it, said the White House on Wednesday.