soybeans

Trump administration to offer additional relief to farmers amid trade war

A tractor in the sunlight.
Photo: Ricky Carioti/The Washington Post via Getty Images

The Department of Agriculture will distribute the second round of aid payments for 2019 aimed at buffering the impact of President Trump's trade war with China starting next week, according to a USDA statement.

The state of play: The administration already paid farmers $6.7 billion for production in this year and $8.6 billion last year, per Politico. The earlier payment in 2019 covered half of the farmers' eligible production, and the latest round will cover an additional quarter.

Rain and snow take toll on farmers in grain belt

Dried corn in a corn field.
Photo: Jan Woitas/picture alliance via Getty Images)

The northern grain belt states are dealing with high rainfall and a snowstorm, delaying their harvest, Reuters reports.

Why it matters: Farmers in North Dakota and Minnesota have been hit the hardest by the U.S.-China trade war because they rely on exports to Asia, according to Reuters. Those states are seeing some of the worst delays in corn and soybean harvests.