Source: AGWEB, 8/27/18


USDA on Monday announced details of a $12 billion tariff relief package for agriculture that includes direct payments as well as commodity purchases. According to USDA Secretary Sonny Perdue, the initial round of payments, beginning Sept. 4, are limited to 50 percent of production with the administration holding back on the remaining 50 percent for the time being to see if the trade picture improves.  Hog and soybean farmers will benefit from the program the most. “The timing of this program is tied to the actual harvest time for many crops for farmers and will based on our actual production,” Perdue said during a press call on Monday.

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