The US government supports soybean farmers

Thursday, 01 August 2019 00:00 Written by  font size decrease font size decrease font size increase font size increase font size
The US government supports soybean farmers Photo By Gettyimages

The US government is trying to make up for part of the damage to its soybean producers as a result of its trade disputes with China.

 

This morning, the Ministry of Agriculture announced details of its facility payment plan, MFP2019, according to Iran's Poultry Industry Radio. The plan provides up to $ 14.5 billion for farmers in the country, varying from $ 15 to $ 150 per hectare.

Registration for the plan will begin Monday, July 29, and commentators have predicted that farmers will receive the first payments from mid-to-late August.

However, the ASA Association of Soybean Producers called for an immediate and effective lifting of China's current tariffs on soybean production because they believe that recent trade disputes have disrupted the market for the product.

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