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Relief for U.S. farmers, ranchers affected by trade retaliation

Relief for farmers affected by trade retaliation

The U.S. Department of Agriculture (USDA) today announced it will take action to assist farmers affected by “trade damage from unjustified retaliation.”

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According to the USDA release, the president directed the USDA to develop a short-term relief strategy to protect agricultural producers affected by the trade retaliation actions of other countries. The USDA will authorize up to $12 billion in programs—reported to be in line with the estimated $11 billion of retaliatory tariffs on U.S. agricultural goods, and intended to assist agricultural producers to meet the costs of disrupted markets.

The USDA will use the following programs to assist farmers:

  • The Market Facilitation Program, authorized under the Commodity Credit Corporation (CCC) Charter Act and administered by Farm Service Agency to provide payments incrementally to producers of soybeans, sorghum, corn, wheat, cotton, dairy, and hogs
  • The Food Purchase and Distribution Program through the Agricultural Marketing Service to purchase unexpected surplus of affected commodities such as fruits, nuts, rice, legumes, beef, pork and milk for distribution to food banks and other nutrition programs
  • The Trade Promotion Program administered by the Foreign Agriculture Service in conjunction with the private sector to assist in developing new export markets for our farm products

For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
Partner, Global Practice Leader
T: 312-665-1022
E: dzuvich@kpmg.com

Andy Siciliano
Partner, National Practice Leader
T: 631-425-6057
E: asiciliano@kpmg.com

Irina Vaysfeld
Principal
T: 212-872-2973
E: ivaysfeld@kpmg.com

Robert Waldrop
Principal
T: 212-954-8117 
E: rwaldrop@kpmg.com

Christopher Young
Principal
T: 312-665-3229
E: christopheryoung@kpmg.com

George Zaharatos
Principal
T: 404-222-3292
E: gzaharatos@kpmg.com

John L. McLoughlin
Principal, East Coast Leader
T: 267-256-2614
E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal, WNT
T: 212-954-3094
E: labad@kpmg.com

Amie Ahanchian
Managing Director
T: 202-533-3247
E: aahanchian@kpmg.com

Gisele Belotto
Managing Director
T: 305-913-2779
E: gbelotto@kpmg.com

Andy Doornaert
Managing Director
T: 313-230-3080
E: adoornaert@kpmg.com

Jessica Libby
Managing Director
T: 612-305-5533
E: jlibby@kpmg.com

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