Farmers are now learning how much aid they can expect to receive from a $12 billion package that President Donald Trump announced earlier this month.
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.
