The Trump Administration has no plans in place for 2019 to give any more aid to farmers hurt by tariffs. Bloomberg says that’s based on assumptions that markets will recover even if the trade war with China keeps going. Ag Secretary Sonny Perdue made that announcement last week.
Back in July, the administration announced it would deliver $12 billion in aid to farmers hurt by the tit-for-tat tariff war with China. Last month, farmers were able to apply for the first round of aid that totaled $4.7 billion. Perdue didn’t disclose when a second round of aid would be distributed.
Perdue says, “The trade war impacted farmers after they made planting decisions for 2018. The market will equilibrate over a period of time.” He told farmers at a stop in Illinois last week that there is not an expected or anticipated market facilitation program for 2019. Perdue didn’t offer any guesses as to how much longer the trade war with China would continue, saying only that “the onus is on China.”
Source: National Association of Farm Broadcasting News Service.