White House Slow-Walking Second Round of Farmer Trade Aid

Source: By Chris Clayton1, DTN/ Progressive Farmer • Posted: Wednesday, December 12, 2018

On Dec. 3, following a speech on trade at the DTN Ag Summit, Agriculture Secretary Sonny Perdue said USDA was still analyzing the impact of trade retaliation and working with the White House Office of Management and Budget (OMB) on an announcement of the second round of payments, which Perdue said would happen “very soon, in a few days.”

Tim Murtaugh, a USDA spokesman, responded to an email from DTN about the trade-aid payments and indicated USDA would have an announcement before the end of the year.

“Secretary Perdue was clear last week that we are in final stages of confirming our commitment to American farmers,” Murtaugh stated. “We are in discussions with the White House and anticipate that the second payment rates for the Market Facilitation Program will be published before the end of the year.”

As of Dec. 10, USDA has paid just over $2 billion under the Market Facilitation Program.

Reuters reported the White House OMB “has not been terribly excited about the trade aid package” but would eventually approve a second round of payments.

U.S. soybeans have faced 25% retaliatory tariffs since last summer that have largely halted exports to China, leaving farmers and grain elevators to store more soybeans that are typically railed or shipped directly to export.

“From my perspective, nothing has changed from the tariff damage that farmers experience,” Perdue said at the DTN Ag Summit.

 

|