The USDA is not planning to extend an up to $12 billion aid package for farmers into 2019, Secretary Sonny Perdue said on Monday and reported on Reuters.com, to mitigate farmer losses due to the imposition of tariffs on American exports.
“Farmers are very resilient and adept in making their planning and marketing decisions based on the current market,” Perdue told reporters on the sidelines of an event in Washington.
The Trump administration in July authorized the aid to shield farmers and ranchers from the repercussions of trade disputes between the U.S. and China, the EU, and others.
