# USDA Assists Farmers Harmed by Tariffs | Farm Policy News | Illinois

> USDA said on July 24, 2018 it will authorize up to $12 billion in programs for farmers harmed by unjustified retaliatory tariffs, matching an estimated $11 billion impact. Programs include the Market Facilitation Program, a food purchase and distribution program, and trade promotion.

- Date: 2018-07-25 · published 2018-07-25T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/64019-usda-assists-farmers-harmed-by-tariffs-farm-policy-news-illinois
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

The payments are designed to offset disrupted export markets for soybeans, corn, sorghum, wheat, and other crops, which may limit acreage cuts but leaves export demand weak.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-10-23 | [Trump tariffs lead to bleak 2019 farm forecasts - POLITICO](https://feedsoft.ai/events/62519-trump-tariffs-lead-to-bleak-2019-farm-forecasts-politico.md) | -2.3% | +1.8% |
| SOY | 2025-01-23 | [Trump pick to lead USDA eyes payments to farmers to cover trade losses from tariffs](https://feedsoft.ai/events/26491-trump-pick-to-lead-usda-eyes-payments-to-farmers-to-cover-trade-losses-from.md) | +0.4% | -1.0% |
| SOY | 2022-01-18 | [China: Focus on Domestic Production, as Soy, Pork Imports Fell in 2021; Corn Imports Hit Record- Meat Production Surges \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14964-china-focus-on-domestic-production-as-soy-pork-imports-fell-in-2021-corn.md) | +3.4% | +15.7% |
| SOY | 2018-08-27 | [USDA Announces Details of Assistance for Farmers Impacted by Unjustified Retaliation \| USDA](https://feedsoft.ai/events/63521-usda-announces-details-of-assistance-for-farmers-impacted-by-unjustified.md) | -1.1% | -0.1% |
| SOY | 2018-07-24 | [USDA announces $12 billion in programs for farmers affected by trade war - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64020-usda-announces-12-billion-in-programs-for-farmers-affected-by-trade-war-agweek.md) | +3.2% | +4.0% |
| CORN | 2018-08-27 | [USDA Announces Details of Assistance for Farmers Impacted by Unjustified Retaliation \| USDA](https://feedsoft.ai/events/63521-usda-announces-details-of-assistance-for-farmers-impacted-by-unjustified.md) | +0.5% | +0.9% |
| CORN | 2018-07-24 | [USDA announces $12 billion in programs for farmers affected by trade war - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64020-usda-announces-12-billion-in-programs-for-farmers-affected-by-trade-war-agweek.md) | +1.7% | +1.4% |
| CORN | 2020-07-14 | [‘Here’s your check’: Trump’s massive payouts to farmers will be hard to pull back - POLITICO](https://feedsoft.ai/events/52099-here-s-your-check-trump-s-massive-payouts-to-farmers-will-be-hard-to-pull-back.md) | -1.1% | -3.2% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2018/07/usda-assists-farmers-harmed-by-tariffs/

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