Perdue: More trade aid for farmers on the way

Source: Politico | November 7, 2019 | Ryan McCrimmon

Agriculture Secretary Sonny Perdue on Thursday said the Trump administration will move forward with a second tranche of trade relief payments to farmers and ranchers burned by retaliatory tariffs, even though the U.S. and China are closing in on a partial trade deal.

“We just have gotten authorization on the second tranche,” Perdue told reporters on a conference call. “We’ll be getting it ready hopefully at the end of this month or early December.”

USDA has so far paid farmers $6.7 billion for their 2019 production, on top of $8.6 million that was provided for last year’s production. The department has promised up to $14.5 billion in payments for 2019, divided in three batches. More than 564,000 producers have applied for aid this year, a USDA spokesperson told POLITICO this week.

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