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SECOND ROUND OF TRADE AID TO BE MADE LATER THIS MONTH
Agri-Pulse reports:

The checks should be in the mail soon. The White House has approved another round of Market Facilitation Program payments, and Agriculture Secretary Sonny Perdue said the money should go out to farmers later this month or in early December.

This will be the second tranche of payments under this year's version of MFP, which ties payments to county estimates of trade impact.

Perdue says the pending trade deal with China could make additional payments unnecessary. The amount of Chinese purchasing under discussion "would be very beneficial to agricultural producers and we're hopeful that trade would supplant any type of farm aid needed in 2020 in that regard," Perdue told reporters Thursday.

Keep in mind: There's new optimism coming out of Beijing that negotiators will succeed in wrapping up the proposed "phase one" deal with China. China's Commerce Ministry said U.S. and Chinese negotiators have agreed to eliminate some tariffs as negotiations continue.

Take note: Trade barriers already are falling ahead of a deal. USDA is publishing a final rule today to allow Chinese processors to export chicken to the U.S. Meanwhile, Bloomberg is reporting that China is preparing to lift its four-year ban on U.S. chicken.


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