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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 28, 2024
President Donald Trump’s suggestion Tuesday that he would be willing to terminate trade deals that permit cattle imports left some aghast at the apparent threat to trade with Canada and Mexico, but U.S. Cattlemen’s Association President Brooke Miller says he’s pleased.
Commodity groups are applauding USDA for moving forward with the new $16 billion coronavirus relief program. But many groups say the payments won’t be nearly as large as they need to be and are renewing their appeals to Congress for additional funding.
The “phase one” trade deal with China is paying off substantially for commodities like soybeans, corn, wheat and sorghum, but it’s hit or miss for specialty crop farmers, many of whom are still trying to find replacement markets.
President Donald Trump will be joined by farm leaders at the White House today amid expectations that he will announce the release of $16 billion in coronavirus relief payments to producers.
The White House Office of Management and Budget on Friday completed its review of USDA’s plans to provide farmers with $16 billion in direct payments. That means USDA could announce signup for the Coronavirus Food Assistance Program any day.
After years of wrangling over sanitary and phytosanitary issues, China is opening its borders to U.S. blueberries and barley, sparking new optimism from farmers who are looking to expand exports.
It looks like farm groups will largely stay on the sidelines as the House moves toward a vote on Democrats’ giant coronavirus relief bill, even though it would authorize $16.5 billion more in direct farm payments plus other aid to producers.
The USDA is reporting sales of 396,000 metric tons of soybeans to China as the forecast for U.S. exports this year continues to rise on increasing Chinese demand.
USDA is moving closer to launching signup for those $16 billion in direct COVID-19 payments that have been promised to farmers. The department is holding a webinar Thursday for farmers on the Coronavirus Food Assistance Program.