News

Perdue Announces Second Half of Trade Aid to Be Paid to Ag Producers


Agriculture Secretary Sonny Perdue on Monday confirmed that the USDA intends to go forward with releasing funds in December for the second part of the department’s trade aid package and, so far, the payment rates have not been reduced.

Concern was building that USDA might scale back the second tranche of payments for the program designed to help counteract impacts of foreign retaliatory tariffs, but Perdue told reporters that won’t likely happen.

“Frankly, right now we see no change in the amount …” Perdue said.

The first tranche of the package contained three sections – direct payments, a government purchase program and a trade promotion program. Only the direct payments portion – the Market Facilitation Program – will be repeated in December.

Just like the first tranche, the rates are multiplied by half the production on a farm for the payment:

• Wheat: 14 cents per bushel

• Sorghum: 86 cents per bushel

• Cotton: 6 cents per pound

• Corn: 1 cent per bushel

• Dairy: 12 cents per hundredweight

• Hogs: $8 per head

• Soybeans: $1.65 per bushel

The Market Facilitation Program in the first tranche was estimated to be roughly $4.7 billion in payments. The USDA is still taking into consideration pleas by some farm groups to increase the payment rates, but no decision has been made on that, a source said.

Source: AgriMarketing

ProAg Quick Links

Agent Toolbox Grower Toolbox Careers

ProAg News

What Farmers Need to Know About Growing Hemp

Farmers have a lot of questions about hemp, so we asked expert Michael Bowman, founding chair of the National Hemp Association, to answer a few. Bowman will share his tips on the rapidly expanding hemp industry at the Land Investment Expo on Friday, January 25, 2019, at the Iowa Events Center in Des Moines, Iowa....

Consumers Want End to Mislabeling of Fake Milks

New national survey data released today finds that consumers — by a nearly 3-to-1 margin — want the U.S. Food and Drug Administration to enforce existing regulations and prohibit non-dairy beverage companies from using the term “milk” on their product labels. FDA is soliciting public comment regarding front-of-package dairy labeling regulations through Jan. 28....

Slight Changes in New Farm Bill

The Agricultural Improvement Act of 2018, aka “the 2018 Farm Bill,” was signed into law on Dec. 20. It continues the farm programs created in the 2014 Farm Bill, including the commodity crop programs Agriculture Risk Coverage and the Price Loss Coverage....
Get ProAg updates via email
Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×