USDA awards $200 million for trade promotion

01/31/19 4:15 PM By Bill Tomson

The USDA announced today the winning bids for shares of $200 million in funds under the Agricultural Trade Promotion program.

Rep. Collin Peterson, Chairman of the House Committee on Agriculture

This week’s guest on Open Mic is Representative Collin Peterson, Chairman of the House Committee on Agriculture. The Minnesota Democrat believes agriculture is headed for some “serious tough sledding” and is concerned about whether the 2018 farm safety net will be adequate to protect the industry. He worries that market facilitation payments may undermine future needs for additional price supports. Peterson wants answers from the Environmental Protection Agency about the small refinery waivers that are negatively impacting the ethanol industry and farmers and expresses skepticism about farm support for legislation to address climate change.

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Opinion: What do poor balance sheets, trade wars, Impossible Burgers and trial lawyers have in common?

I’m flat busted. My Missouri corn and soybean farm is bankrupt, financially incompetent, a lousy credit risk, upside down--you pick the financial euphemism for a balance sheet that is downright ugly. I’m still paying my bills on time and eating good, due to some profitable years in the recent past, but any honest appraisal of my farm’s future income and liabilities is dark indeed. Of course, if there is any comfort to be found in shared misery, every other producer of corn and soybeans in the U.S. is in the same position.

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USDA awards $200 million for trade promotion

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