# U.S. agriculture chief says no plan to extend farm aid to offset tariffs

> USDA Secretary Sonny Perdue said on Monday the department does not plan to extend the up to $12 billion farm aid package into 2019. The aid is meant to offset farmer losses from retaliatory tariffs, and the first $6 billion tranche was outlined in August.

- Date: 2018-10-29 · published 2018-10-29T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/62514-u-s-agriculture-chief-says-no-plan-to-extend-farm-aid-to-offset-tariffs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Without an extension, farm income support fades after the current window, which could weigh on farmer demand for feed and on sentiment for row crops and livestock margins tied to tariff-hit exports.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-30 | [No fresh aid package for U.S. farmers planned for now: agriculture secretary](https://feedsoft.ai/events/59571-no-fresh-aid-package-for-u-s-farmers-planned-for-now-agriculture-secretary.md) | -3.5% | +1.0% |
| SOY | 2022-07-26 | [Tariffs & Trade War Impact on U.S. Agriculture \| Tax Foundation](https://feedsoft.ai/events/14920-tariffs-and-trade-war-impact-on-u-s-agriculture-tax-foundation.md) | +8.2% | +3.7% |
| SOY | 2026-09-01 | [US-China Tariffs Put Agriculture Back in the Trade Spotlight](https://feedsoft.ai/events/14557-us-china-tariffs-put-agriculture-back-in-the-trade-spotlight.md) | +2.1% | +1.8% |
| SOY | 2018-12-31 | [Profiles and Effects of Retaliatory Tariffs on U.S. Agricultural Exports - EveryCRSReport.com](https://feedsoft.ai/events/61443-profiles-and-effects-of-retaliatory-tariffs-on-u-s-agricultural-exports.md) | +3.3% | +4.1% |
| SOY | 2023-09-04 | [AFB says WTO needed to rule against China ag tariffs \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/14816-afb-says-wto-needed-to-rule-against-china-ag-tariffs-iowa-agribusiness-radio.md) | -0.3% | -5.8% |
| SBM | 2020-07-15 | [Exclusive: Argentina farm minister says no plan to hike grains export taxes](https://feedsoft.ai/events/51947-exclusive-argentina-farm-minister-says-no-plan-to-hike-grains-export-taxes.md) | +0.7% | -0.6% |
| SBM | 2021-10-12 | [China: MARA Plan Aims to Manage Swine Sector and Scale \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/44518-china-mara-plan-aims-to-manage-swine-sector-and-scale-usda-foreign-agricultural.md) | +0.3% | +3.1% |
| SBM | 2025-09-25 | [U.S. grains: Soybean futures edge up as Argentina ends export tax waiver \| Farmtario](https://feedsoft.ai/events/13833-u-s-grains-soybean-futures-edge-up-as-argentina-ends-export-tax-waiver-farmtario.md) | -2.4% | +5.8% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-perdue/u-s-agriculture-chief-says-no-plan-to-extend-farm-aid-to-offset-tariffs-idUSKCN1N32JW/

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