Government to begin payouts to farmers in August

The Trump Administration is paying $14.5 billion to farmers hurt by the U.S.-China trade war by the end of August.

It’s the second round of aid the administration will pay out as negotiations with Beijing continue past the one-year mark.

Farmers received about $10 billion in aid last year.

The chief economist at the Department of Agriculture said, “The trade situation has persisted longer than expected and farmers have been some of the hardest hit by China’s retaliatory tariffs.”

The tariffs made American agricultural products more expensive for Chinese importers, and private buyers nearly stopped purchasing U.S.-grown soybeans–leaving a record amount sitting in storage at the end of 2018.

Farmers can begin applying for aid on Monday, July 29th, and can expect receive a payment in mid-to-late August.

The  new round is based on how many acres a farmer has planted and the rate will vary by county.