Farmers can begin applying for aid on Monday and can expect to receive a payment in mid-to-late August. "It is critically important to restore agricultural markets and mutually beneficial relationships with our trading partners around the world".
American Farm Bureau Federation said Thursday that continuing trade disputes are adding to the financial burden on USA farmers and ranchers, highlighting the urgency of restoring agricultural markets and mutually beneficial relationship with trading partners.
The White House has announced that US officials will travel to China to resume negotiations, and Perdue said he believes Trump had insisted on purchases as a way to unfreeze the negotiations.
Farm groups were quick to praise the aid package, though they were quick to add that the aid is a poor substitute for normal trade.
"If you go out and survey farmers and ask them for their results, you won't find any that feel they've been made whole by this program", Perdue said.
Dairy producers will receive 20 cents per hundredweight (cwt) on their annual milk production history under a USDA program aimed at offsetting negative financial impacts of ongoing trade and tariff wars.
The cap comes in response to claims of significant abuse in last year's $12 billion trade relief package. The agency distributed $12 billion a year ago after China imposed a flurry of high retaliatory tariffs on American agricultural products, dramatically reducing the prices for many of those crops.
The average county payment rate is about $95 per acre in Alabama, $87 in MS and $70 in Louisiana, according to USDA data.
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The 2018 program was structured a little differently. "Our top priorities are an end to the trade dispute with China, where retaliatory tariffs are preventing US pork from fully capitalizing on a historic sales opportunity created by the outbreak of African swine fever in the world's largest pork-consuming nation, and a trade agreement with Japan, where USA pork is losing market share due to trade agreements Japan has recently formed with the European Union and other global competitors".
"Today's announcement only confirms my previous concerns that this aid is not equitable and favors certain farmers over others", the MI senator said. Each specialty crop will receive a payment based on 2019 acres of fruit or nut bearing plants, or in the case of ginseng, based on harvested acres in 2019. However, these cover crops MUST be planted prior to August 1, so interested farmers may face challenges getting their hands on their desired eligible seed so quickly.
'There were a number of factors from last year's programs that we wanted to correct, ' USDA Chief Economist Rob Johansson said in a call with reporters.
Overall trade aid is capped at $500,000 per person.
Trump announced the new package in May as he stepped up his trade war with China by threatening new tariffs against the Asian nation.
With aid flowing to farmers, he has avoided erosion of his political support in rural areas.
John Brengle, a fifth-generation farmer who grows corn and soybeans on 5,000 acres in Metcalf, Illinois, said in a telephone interview the aid was "very necessary" after "the trade war has hurt us tremendously". Still, he stands by Trump.