“In an interview with Agri-Pulse on Tuesday, Thompson, R-Pa., said lawmakers need to provide payments to sectors such as dairy, timber and specialty crops,” Johnson reported. “The administration’s program is largely targeted to row crops such as corn, soybeans, wheat, cotton and rice, although $1 billion has been set aside for other commodities.”
“‘I think it [Farmer Bridge Assistance Program payments] will open up opportunities for a lot of farmers and ranchers to get credit for next year, but it’s not enough,’ Thompson said,” according to Johnson’s reporting. “Thompson didn’t provide a timeline for moving a supplemental assistance package in Congress. Lawmakers have been looking at changes to USDA’s Section 32 authority which is funded through customs receipts. Under existing law, Congress couldn’t use Section 32 to spend more than $350 million on payments to farmers.”
“‘It’s got to be really just enough to make the bridge sustainable to 2026, but not an overreach. We don’t want to replace the market,’ Thompson said of a supplemental package,” Johnson reported.
USDA Official Says More Farmer Aid Unlikely from the Agency
Bloomberg’s Erin Ailworth reported that “the US Department of Agriculture is unlikely to do a second-round package of aid for struggling farmers struggling in the midst of trade tensions and low crop prices. That’s according to Richard Fordyce, an agency undersecretary, who spoke in an interview on Thursday and cited current budget constraints.”
Source : illinois.edu