#AgAlerts: Trade aid is on its way; USDA changes SNAP; ADM sees benefit in trade tariffs; Cargill re-evaluates strategy

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A roundup of news, reports and research on agribusiness and related issues. 

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.

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.

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.