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Corn, Wheat Growers Want Better Trade Aid Deal

Soybean growers made out much better in the first round of trade aid

Corn field 1935 960 7202

Corn and wheat lobbyists are making the rounds in Washington, D.C., trying to get a better trade-aid deal for their growers than they got in the first round, reports Hoosier Ag Today.

Soybean growers made out much better in the first round of trade aid because they were hit hardest when China stopped accepting soybean imports.

At the time, Ag Department officials said the formula they developed to provide the most aid to soybean farmers was necessary because of World Trade Organization rules.

Soybean producers received a Market Facilitation Program payment of $1.65 per bushel. Corn farmers only got one cent per bushel.

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