Trade and markets
 

Detail

Area
United States of America
Commodity Group
Grains
Commodity
Grains
Date
27/08/2018
Policy Category
Consumption and marketing
Policy Instrument
Government support
Description
Launched a support package worth USD 12 billion to mitigate the effects of retaliatory tariffs that were applied on certain commodities in response to China tariffs. A Market Facilitation Programme (MFP) will grant direct payments of approximately USD 4.7 billion to producers. The bulk of such direct payments, i.e. USD 3.6 billion, will benefit soybean farmers, while the remainder will compensate the sorghum, maize, wheat, cotton, dairy and meat sectors. Programme enrolment under MFP opens on 4 September, and closes in January 2019.