Iowa farmers set to receive $767 million in trade payments
DES MOINES, Iowa (AP) - Iowa farmers are set to receive the most government payments to offset damage from the U.S.'s ongoing trade war with China.
Iowa farmers will receive $767 million in payments from President Donald Trump's $16 billion trade assistance program this year.
The Agriculture Department announced a second round of payments under the program earlier this month.
The USDA shows that the other states getting the most federal assistance in this year's program are Illinois, at $707 million; Minnesota, at $519 million; Texas, at $497 million; Kansas, at $474 million; and Nebraska at $466 million.
Iowa Soybean Association board president Tim Bardole says the additional payments will be helpful, but they won't cure all the problems farmers are having this year.