"The U.S. Department of Agriculture released the figures Wednesday for how much aid per acre farmers can plan on for each row crop. The details arrived after most farmers have already met with their bankers to arrange financing for next year's crops and placed orders for the seed and fertilizer they will need. But officials have promised that the payments should arrive by the end of February."
"Soybean farmers have been hit especially hard by Trump's trade war with China, which stopped buying any American crops after Trump announced his tariffs this spring. China is the world's largest buyer of soybeans. This aid package is expected to help farmers weather the trade disruptions until China buys more soybeans under an agreement announced in October and until provisions of Trump's massive budget bill take effect later this year. Soybean farmers will get $30.88 per acre while corn farmers will receive $44.36 per acre."
USDA released per-acre aid amounts for row crops and promised payments by the end of February, after many farmers already arranged financing and placed seed and fertilizer orders. Soybean producers suffered the most after China stopped buying U.S. crops following tariffs. The aid aims to help farmers until China resumes purchases under an October agreement and until budget bill provisions take effect. Payments are $30.88 per acre for soybeans, $44.36 for corn and $48.11 for sorghum, based on a USDA cost-of-production formula. Farmers continue to face rising fertilizer, seed and labor costs and call for more buyers and market opportunities.
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