U.S. government to pay $4.7 billion in tariff-related aid to farmers


farm barn(Worthy News) – The U.S. Department of Agriculture said on Monday its farm aid package would include $4.7 billion in direct payments to farmers to help offset losses from retaliatory tariffs on American exports this season.

The bulk of the payments, $3.6 billion, would be made to soybean farmers. That amounts to $1.65 per bushel multiplied by 50 percent of expected production, Undersecretary for Farm Production and Conservation Bill Northey said on a conference call.

China has traditionally bought about 60 percent of U.S. soybean exports. But it has been largely out of the market since implementing tariffs on U.S. imports in retaliation for the Trump administration’s tariffs on Chinese goods. [ Source: Reuters (Read More…) ]

19
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Trump Orders ‘Heavy Wave’ of Strikes on Iran After Missile Attack on U.S. Forces
Senators To Vote On Holding Fauci In Contempt Of Congress
Nigerian Christians Massacred In Kaduna Attack As Death Toll Reportedly Exceeds 60
Antisemitic Violence Reaches Deadliest Global Level in More Than 30 Years
‘We Have Special Forces Protection’: Netanyahu Tells Hannity He Does Not Fear ICC Arrest Warrant
Ukraine Hits Two Major Russian Oil Refineries As Zelensky Meets Trump
Three Christian Men Cleared After False Blasphemy Allegation In Pakistan
Japan Quake Kills At Least 14 As PM Says ‘Every Second Counts’ In Rescue Effort
Israel Orders Expanded Counterterrorism Campaign Across Judea and Samaria
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News