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The National Barley Growers Association president has asked USDA to compensate barley growers for indirect losses from the US-China trade dispute. A May 15 letter to Agriculture Secretary Perdue, signed by several crop groups, says prices for crops not directly targeted by Chinese tariffs have eroded.
Last year's Market Facilitation Program payments went mainly to soybean growers.
A possible aid package would support farm incomes but would not change barley supply or demand directly. The request mainly highlights spillover price weakness from the tariff dispute.
postregister.comBy John O’Connell joconnell@journalnet.comMay 20, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
