# Hoeven, FSA chief detail trade aid payouts as 'stopgap' for farmers - Agweek | #1 source for agriculture news, farming, markets

> USDA Farm Service Agency Administrator Richard Fordyce said at a Fargo event that the first part of the second $14.5 billion round of trade aid, MFP 2.0, would be paid before the end of August. He called the payments a stopgap while the administration works to resolve trade disputes with China and others.

- Date: 2019-08-05 · published 2019-08-05T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/57603-hoeven-fsa-chief-detail-trade-aid-payouts-as-stopgap-for-farmers-agweek-1
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Trade aid payments can keep farmers supplied and marketing grain despite weak export sales, but they are a temporary cushion rather than a fix for lost demand from China.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-12-17 | [Agriculture Dept. launches 2nd round of payments to farmers \| AP News](https://feedsoft.ai/events/61570-agriculture-dept-launches-2nd-round-of-payments-to-farmers-ap-news.md) | -1.7% | -0.8% |
| SOY | 2021-01-22 | [Column: Biden should revisit China trade deal to weed out problem spots for U.S. agriculture](https://feedsoft.ai/events/49010-column-biden-should-revisit-china-trade-deal-to-weed-out-problem-spots-for-u-s.md) | -1.2% | +0.5% |
| SOY | 2019-06-16 | [Senate Agriculture Committee Trade Hearing- USMCA, China, and MFP Payments](https://feedsoft.ai/events/58573-senate-agriculture-committee-trade-hearing-usmca-china-and-mfp-payments.md) | +0.7% | +0.6% |
| SOY | 2024-12-17 | [Thompson Secures Aid for America's Producers \| House Agriculture Committee](https://feedsoft.ai/events/26953-thompson-secures-aid-for-america-s-producers-house-agriculture-committee.md) | -1.3% | +6.2% |
| SOY | 2025-08-22 | [Farmers May Need Emergency Market Aid, Ag Leaders Say \| Farm Policy News \| Illinois](https://feedsoft.ai/events/23307-farmers-may-need-emergency-market-aid-ag-leaders-say-farm-policy-news-illinois.md) | -0.6% | -0.9% |
| CORN | 2017-05-21 | [NAFTA talks coming to the forefront - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/70964-nafta-talks-coming-to-the-forefront-agweek-1-source-for-agriculture-news.md) | +1.0% | +2.3% |
| CORN | 2018-12-17 | [Agriculture Dept. launches 2nd round of payments to farmers \| AP News](https://feedsoft.ai/events/61570-agriculture-dept-launches-2nd-round-of-payments-to-farmers-ap-news.md) | +0.4% | +0.3% |
| CORN | 2021-01-22 | [Column: Biden should revisit China trade deal to weed out problem spots for U.S. agriculture](https://feedsoft.ai/events/49010-column-biden-should-revisit-china-trade-deal-to-weed-out-problem-spots-for-u-s.md) | +3.6% | +2.1% |

## Sources

- agweek.com: https://www.agweek.com/business/hoeven-fsa-chief-detail-trade-aid-payouts-as-stopgap-for-farmers

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.