A roundup of news, reports and research on agribusiness and related issues.
- Trump administration to send trade-war payments to farmers. | Agriculture.com
In total, $7 billion will be sent out to U.S. farmers this summer. The sign up to receive payment starts on Monday July 29, 2019. The amount given to each individual farmer depends on acreage – it will range from $15 to $150.
- USDA changes SNAP eligibility. | New Food Economy
New changes to the Supplemental Nutrition Assistance Program would drop more than 3 million recipients. Additionally, changes prepared by the Trump administration would retract free school lunches for more than 200,000 children.
At least that’s what economists say. Last year, tariffs from China on U.S. soybeans dropped. The aid package that was attached then paid farmers twice as what was necessary.
- Archer Daniels Midland see tariffs as a good thing.| The Gazette
ADM views the trade war as a positive asset in terms of soy trade. The company says it’s a “wake up call” to China – to better understand the relationship with the U.S.
The company says it’s in the midst of reviewing its plans as volatile markets continue to upset earnings.