Iowa farmers set to receive $767 million in trade payments
Iowa farmers are set to receive the most government payments to offset damage from the U.S.’s ongoing trade war with China.
The Des Moines Register reports Iowa farmers will receive $767 million in payments from President Donald Trump’s $16 billion trade assistance program this year. The Agriculture Department announced a second round of payments under the program earlier this month.
The USDA shows that the other states getting the most federal assistance in this year’s program are Illinois, at $707 million; Minnesota, at $519 million; Texas, at $497 million; and Kansas, at $474 million.
Iowa Soybean Association board president Tim Bardole says the additional payments will be helpful, but they won’t cure all the problems farmers are having this year.
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