News24
16 May 2019, 00:43 GMT+10
United States corn growers are pressing President Donald Trump for better treatment in his $15bn China trade aid plan, arguing they were short changed in the administration's $12bn assistance package last year.
The National Corn Growers Association sent out a call to action urging farmers to tell Trump that the 1 cent-per-bushel payment that growers received under the prior market facilitation payments wasn't enough. The campaign is being promoted with the hashtag #apennywontcutit.
"A penny didn't cut it then and won't cut it now," the trade group said in a notice to members posted on its website.
The trade war, bad weather and waivers the administration is issuing oil refiners on ethanol standards "have all created a perfect storm for agriculture".
American farmers are struggling to keep afloat as the tariff spat that started a year ago curbed soybean exports to top buyer China, sending prices tumbling and hurting grower incomes.
Victory awaits in China trade war, Trump tells farmers
As of Monday, the federal government had made $8.52bn in market facilitation payments to farmers under the prior trade assistance program.
On Friday, Trump announced in tandem with new tariffs on China an ill-defined plan to boost purchases of domestic farm products for humanitarian aid in an effort to offset lost demand from the Asian nation.
Agriculture Secretary Sonny Perdue said he is working on a plan and will submit it to the president within "a few days to a couple of weeks".
Get a daily dose of Taiwan Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Taiwan Sun.
More InformationOTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...