Louisiana farms collect $180M to offset tariff losses
The trade war between the U.S. and China is forcing many Louisiana farmers to question whether they’ll continue to grow soybeans next year as the federal aid package keeping them afloat by offsetting their losses isn’t covering all their costs.
Across the state, farmers have collected more than $180 million since the federal government rolled out its program to make up for a steep slump in soybean sales after China, the biggest buyer of American soy, raised retaliatory tariffs for several U.S. agriculture products last year.