The following statement regarding the Agriculture Department’s tariff mitigation package can be attributed to American Farm Bureau Federation President Zippy Duvall:
“The administration’s tariff mitigation package is welcome relief from the battering our farmers and ranchers are taking in the ongoing trade war. There is no doubt that the tariffs from nations like China have led to lower crop and livestock prices. This comes on top of nearly five years of falling commodity prices that have led to lower revenues and higher debt levels for farmers and ranchers. Nationwide, income is at a 12-year low, so any assistance that may help farmers is greatly appreciated: We lost more than 150,000 farms to consolidation and financial failure in the U.S. during the decade that ended in 2017.
“The additional burden of tariffs on the goods we sell to China, Canada, Mexico and the European Union has been more than many farmers can bear. Today’s aid announcement gives us some breathing room, but it will keep many of us going only a few months more. The real solution to this trade war is to take a tough stance at the negotiating table and quickly find a resolution with our trading partners. If we’re going to turn our farm economy around for the long-term, we need to open more export markets with fair trade deals, and the sooner, the better.”