The U.S. government will pay a minimum of $15 per acre to farmers hurt by Presid...
WASHINGTON - The U.S. government will pay a minimum of $15 per acre to farmers hurt by President Donald Trump’s trade war with China under an aid package to be unveiled before the end of the week, Agriculture Secretary Sonny Perdue said on Tuesday.
U.S. farmers, a key Trump constituency, have been among the hardest hit in the trade war between the world’s two largest economies. Soybeans are the most valuable U.S. farm export, and shipments to China dropped to a 16-year low in 2018. Perdue said the minimal payment would be $15 an acre. “We’re anticipating right now three tranches; probably 50 percent ... or minimum there of $15 an acre initially,” he said, adding the second and third tranches would be dependant on market conditions.
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