# U.S.D.A. leaders explain efforts to mitigate trade losses | 2019-02-28  | Baking Business

> USDA Deputy Secretary Stephen Censky outlined the three components of the trade mitigation package at the February 22 Agricultural Outlook Forum: market facilitation payments, commodity purchase and distribution, and an agricultural trade promotion program. Censky acknowledged that farmers would rather trade commodities than receive payments.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/60601-u-s-d-a-leaders-explain-efforts-to-mitigate-trade-losses-2019-02-28-baking
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The package is designed to offset lost export sales rather than replace them, so it does little to restore demand for US soybeans and corn in China.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-02-22 | [U.S. Farmers Receive $7.7 Billion in Trade Aid to Date: USDA - Business Insider](https://feedsoft.ai/events/60600-u-s-farmers-receive-7-7-billion-in-trade-aid-to-date-usda-business-insider.md) | -1.5% | -0.1% |
| SOY | 2020-06-24 | [Despite tensions, US says China will meet trade commitments \| 2020-06-24  \| Food Business News](https://feedsoft.ai/events/52464-despite-tensions-us-says-china-will-meet-trade-commitments-2020-06-24-food.md) | +1.1% | +2.8% |
| SOY | 2018-12-04 | [Trade, weather top of mind for 2019 acres - Grainews](https://feedsoft.ai/events/61637-trade-weather-top-of-mind-for-2019-acres-grainews.md) | +1.0% | -0.6% |
| SOY | 2022-05-26 | [Ambassador's visit stresses opportunity in expanding trade](https://feedsoft.ai/events/14935-ambassador-s-visit-stresses-opportunity-in-expanding-trade.md) | +2.9% | -4.2% |
| SOY | 2018-09-21 | [For bold Chinese buyers of soybeans, bargain U.S. prices trump trade war](https://feedsoft.ai/events/62891-for-bold-chinese-buyers-of-soybeans-bargain-u-s-prices-trump-trade-war.md) | +0.6% | +1.6% |

## Sources

- bakingbusiness.com: https://www.bakingbusiness.com/articles/48098-usda-leaders-explain-efforts-to-mitigate-trade-losses

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