WASHINGTON/CHICAGO: The U.S. government will pay American farmers hurt by the trade war with China between US$15 and US$150 per acre in an aid ...
WASHINGTON/CHICAGO: The U.S. government will pay American farmers hurt by the trade war with China between US$15 and US$150 per acre in an aid package totalling US$16 billion, officials said on Thursday, with farmers in the South poised to see higher rates than in the Midwest.
"President Trump has a great affection for America's farmers and ranchers and it's pretty evident in this program," Perdue said."He knows that they are fighting the fight and they are on the front line." The average county payment rate is about US$95 per acre in Alabama, US$87 in Mississippi and US$70 in Louisiana. Payment rates were lower in the Midwest, with a US$69-per-acre county average in Illinois, the country's top soybean producer, and a US$66 average in Iowa, the top corn- and hog-producing state.
To be eligible for payments, crops must be planted by Aug. 1, 2019, the USDA said. The number of farm acres that could not be planted was at a historic level this year because of Midwest flooding, officials said, further straining the farm economy.While farm and industry groups welcomed the support, they continued to push for the Trump administration to end trade fights and strike deals with top export markets.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US to pay farmers US$15-US$150 per acre from August, part of US$16-billion trade aidThe US government will pay American farmers between US$15 to US$150 per acre starting from mid- to late-August, Department of Agriculture ...
Read more »
Facebook to create privacy panel, pay US$5 billion to US to settle allegationsWASHINGTON: The Federal Trade Commission is set to announce on Wednesday (Jul 24) that Facebook has agreed to a sweeping settlement of significant ...
Read more »
Philippines' Jollibee buys Coffee Bean & Tea Leaf for US$100mPhilippines' Jollibee Foods Corp said on Wednesday (Jul 24) it is buying US brand Coffee Bean & Tea Leaf for US$100 million.
Read more »
Facebook to pay record US$5 billion US fine over privacy; faces antitrust probeWASHINGTON: Facebook Inc will pay a record-breaking US$5 billion fine to resolve a government probe into its privacy practices and will boost ...
Read more »
US senators to unveil carbon tax bill to generate US$2.5 trillion in 10 yearsWASHINGTON: Two Democratic US senators will unveil a bill on Thursday (Jul 24) to curb climate change by slapping a fee on oil, natural gas and ...
Read more »
US business investment picking up; goods trade deficit narrowsNew orders for key U.S.-made capital goods surged in June, but the jump will probably not change expectations that business investment contracted ...
Read more »