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The Water Cooler
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Tariffs: Saving American Jobs Since...Wait, What?
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<blockquote data-quote="Hobbes" data-source="post: 3133389" data-attributes="member: 3371"><p>Trump admin is considering price supports and financial aid to farmers impacted by tariffs....</p><p></p><p></p><p><strong>CCC can borrow up to $30 billion from the Treasury Department and extend that money to farm groups.</strong> If U.S. farmers see orders from China plummet because both countries create new layers of tariffs on imports, the White House previously said it wants to set up an assistance program for the U.S. ag sector, including the livestock industry, row crop producers and fruits and vegetable farmers impacted.</p><p></p><p><strong>The White House is considering several options. </strong></p><p></p><p><strong>For example, </strong>USDA could direct the CCC to purchase soybeans to buoy farmers’ revenues. The CCC is able to assist through loans, purchases, payments and other operations. The CCC Act also authorizes the sale of agricultural commodities to other government agencies and to foreign governments and the donation of food to domestic, foreign, or international relief agencies.</p><p></p><p><strong>Another option: Section 32 funds. </strong>Congressional lawmakers in the fiscal year 2018 March omnibus budget removed earlier restrictions on the CCC’s activities. The change overturned years that had kept the CCC from supporting prices of agricultural goods.</p><p>...</p><p><strong>The topic could find its way into the late days of a new farm bill. </strong>Senate Ag Chairman Pat Roberts (R-Kan.) in March said that he and Sen. Debbie Stabenow (D-Mich.), the panel's ranking member, agree that Congress will likely have to come up with some form of assistance for farmers who lose business because of Chinese retaliation. “If we continue down this road, we may have to consider some kind of payment on a case-by-case basis," Robert said. Roberts floated the idea of calling such aid “Trump Tariff Payments,” or TTP.</p><p></p><p><a href="https://www.agweb.com/article/trump-administration-considering-tariff-payments-to-farmers/" target="_blank">https://www.agweb.com/article/trump-administration-considering-tariff-payments-to-farmers/</a></p></blockquote><p></p>
[QUOTE="Hobbes, post: 3133389, member: 3371"] Trump admin is considering price supports and financial aid to farmers impacted by tariffs.... [B]CCC can borrow up to $30 billion from the Treasury Department and extend that money to farm groups.[/B] If U.S. farmers see orders from China plummet because both countries create new layers of tariffs on imports, the White House previously said it wants to set up an assistance program for the U.S. ag sector, including the livestock industry, row crop producers and fruits and vegetable farmers impacted. [B]The White House is considering several options. [/B] [B]For example, [/B]USDA could direct the CCC to purchase soybeans to buoy farmers’ revenues. The CCC is able to assist through loans, purchases, payments and other operations. The CCC Act also authorizes the sale of agricultural commodities to other government agencies and to foreign governments and the donation of food to domestic, foreign, or international relief agencies. [B]Another option: Section 32 funds. [/B]Congressional lawmakers in the fiscal year 2018 March omnibus budget removed earlier restrictions on the CCC’s activities. The change overturned years that had kept the CCC from supporting prices of agricultural goods. ... [B]The topic could find its way into the late days of a new farm bill. [/B]Senate Ag Chairman Pat Roberts (R-Kan.) in March said that he and Sen. Debbie Stabenow (D-Mich.), the panel's ranking member, agree that Congress will likely have to come up with some form of assistance for farmers who lose business because of Chinese retaliation. “If we continue down this road, we may have to consider some kind of payment on a case-by-case basis," Robert said. Roberts floated the idea of calling such aid “Trump Tariff Payments,” or TTP. [URL]https://www.agweb.com/article/trump-administration-considering-tariff-payments-to-farmers/[/URL] [/QUOTE]
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