According to the U.S. Department of Agriculture, payments of the new bailout will be made in up to three tranches, with 50 percent of farmers' aid expected to be paid out at the end of August. Farmers had complained about the slow implementation of the first aid package, among other things.
Last year, payouts to individual farmers were capped at 125,000 dollars, and in the new bailout, the cap has been raised to 250,000 dollars per person or legal entity. For farmers who produce soybeans, vegetables and hogs, the cap is set at 500,000 dollars for the three categories.
David Herring, president of the National Pork Producers Council, thanked the administration for providing "partial relief" for hog farmers as they have "incurred significant losses" due to the trade disputes, stressing that "U.S. pork producers are highly dependent on export markets."
One of the top priorities, Herring said, is "an end to the trade dispute with China, where retaliatory tariffs are preventing U.S. pork from fully capitalizing on a historic sales opportunity created by the outbreak of African swine fever in the world's largest pork-consuming nation."
The average wholesale price of pork in China climbed 29.8 percent year on year to 21.59 yuan (about 3 dollars) per kg in June mainly because of the influence of the African swine fever, China's Ministry of Agriculture and Rural Affairs said last week.
"These are difficult times for agriculture, and the longer these trade wars continue, the deeper the impact on farm country," said Duvall, noting that farmers are being hit with tariffs on top of already-challenging economic conditions from severe weather events, low commodity prices, lack of available labor and a host of other impacts.
【国际英语资讯:Spotlight: U.S. farmers say they want trade more than aid】相关文章:
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