Anouth Round MFP Payments To Be or Not to Be?

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Bloomberg writer Mike Dorning reported on Wednesday that, “U.S. Agriculture Secretary Sonny Perdue sees a ‘less than 10%’ chance that U.S. farmers will get another round of trade aid this year, despite a tweet from President Donald Trump last month raising the possibility.
“Weak prices for many farm goods despite Trump’s initial trade deal with China have stoked calls for a new round of assistance for farmers, including from the top-ranking Republican on the House Agriculture Committee, Mike Conaway of Texas.
‘Unless something gives here very soon,’ Conaway told Perdue during an appearance before the committee on Wednesday, another round of trade aid will be ‘absolutely vital to the survival of our producers.’
The Bloomberg article explained that, “But Perdue told the panel Wednesday that he expected China to fulfill a promise in the initial deal to purchase $36.5 billion in U.S. farm goods this year and warned farmers not to expect more aid. He returned to the theme in comments to reporters afterward, when he set the odds of more payments at less than 1 in 10.

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