What to watch for as the U.S. announces trade aid details

by

Opinion

The U.S. government will announce details of its planned US$12 billion trade aid package for the agriculture sector on Monday, according to Agriculture Secretary Sonny Perdue. The package, which was first announced in July, will include direct payments to producers to offset the impact of tariffs on U.S. exports. Sources told Agri-Pulse that the preliminary proposal included a payment rate of $1.65 per bushel for soybeans and 1 cent per bushel for corn, based on 2018 production. It’s expected there will also be payments for sorghum, wheat, cotton, dairy and hogs. The final numbers announced on Monday could be different, as Perdue…

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