Sentinel Grower, NAWG President Jimmie Musick Airs Wheat Industry's Relief Package FrustrationsFri, 31 Aug 2018 12:40:07 CDT
The Ag Department announced details this week on the aid package designed to help farmers hurt by the Trump administrations trade wars.
Of the $12 billion-dollar relief fund, $4.7 billion will be released as aid payments to producers of seven commodities and $1.2 billion will be used to purchase commodities hurt by tariffs. The remainder will be issued later if trade conditions don't improve.
Beginning September 4, wheat will be eligible for .14 cents per bushel, sorghum .86 cents, soybeans $1.65, corn one cent per bushel, cotton six cents a pound, dairy .12 cents per hundredweight and pork eight dollars per head.
Producers can apply for aid after harvest is complete and/or they can report total 2018 production.
Jimmie Musick, a wheat grower from Sentinel, Oklahoma, and president of the National Association of Wheat Growers, told Don Atkinson with WheatSquared.com they are not happy with the aid package.
“Absolutely, we’re not happy with that. We don’t know exactly the formula they used, but according to the formula we worked on, our price is a deficit of about 75 cents of where we could and should be,” Musick said. “Fourteen cents is a long way from that 75 cents. So, we’re really concerned about that.”
Musick says about half of US wheat production is sold on the global market. He says that due to the trade war, China has not purchased any US wheat since March of this year. Musick maintains that establishing market access to foreign trade partners is and should be a priority for not just the US wheat industry, but all commodity groups.
Listen to Musick’s complete interview with WheatSquared host Don Atkinson about the wheat industry’s frustrations with the USDA’s trade relief package, by clicking or tapping the LISTEN BAR below.
Source - WheatSquared
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