Trade Dispute Cash Helps Farmers, But Their Incomes Continue to Decline
Payments to Oklahoma farmers from the Trump administration to soften the effects of a trade dispute with China are helping a little, but many farmers are still struggling with a years-long decline in incomes.
Over 18 months, the federal Market Facilitation Program will pump up to $24.5 billion into farm states in cash payments for everything from dairy and hog production to cotton, corn and pecans. The funding is intended to make up for lost international sales due to the U.S.-China trade war.
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