Here’s a short article I read this morning on Roach Ag Daily Email that our farm clients will find helpful and interesting:
Trade War Assistance
President Donald Trump announced approval for the second round of assistance payments for farmers who have been hurt by foreign tariffs during U.S. trade battles.
The rates are multiplied by half the production on a farm for the initial payment:
Wheat: 14 cents per bushel
Soybeans: $1.65 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
Producers are now eligible for a duplicate payment after today’s announcement. Farmers always seem to be the “tip of the spear” in trade wars and this time is a prime example. The payments will not nearly cover the loss in business you have suffered, but I hope it will help.
