US Agriculture Secretary Sonny Perdue has confirmed that while there will be a second tranche of farm aid payments to farmers by December, there are no plans to extend the scheme into 2019 or increase the amount originally earmarked. Soyabean farmers are expected to get $4.7bn, the lion's share of the $3.6bn aid earmarked for crop and livestock producers. The Market Facilitation Program was introduced by the Trump administration to offset the impact of retaliatory tariffs by US trading partners in response to high US duties on imported steel and aluminium.
US Agriculture Secretary Sonny Perdue has confirmed that while there will be a second tranche of farm aid payments to farmers by December, there are no plans to extend the scheme into 2019 or increase the amount originally earmarked. Soyabean farmers are expected to get $3.6bn, the lion's share of the $4.7bn aid earmarked for crop and livestock producers. The Market Facilitation Program was introduced by the Trump administration to offset the impact of retaliatory tariffs by US trading partners in response to high US duties on imported steel and aluminium.