AreaUnited States of America

Commodity GroupOilseeds, oils and meals

CommodityAgriculture and aquaculture products

Date01/09/2020

Policy CategoryProduction

Policy InstrumentAgricultural relief measures (COVID-19 related)

DescriptionAnnounced additional financial assistance up to USD 14 billion for farmers who continue to face market disruptions and associated costs because of the COVID-19 pandemic. The package follows a first relief programme launched in May 2020. Eligible row crops would include the following oilseeds: soybean, sunflowerseed, rape/mustardseed, groundnut, safflower and sesame. Payments would be calculated based on crop yields and the impact of COVID-19 on relevant commodity prices, with per farm disbursements subject to specific upper limits. In the case of soybeans, farmers are set to receive USD 0.31 per bushel (or USD 11.40 per tonne), with Government outlays amounting to almost USD 1.4 billion (based on prevailing official harvest projections).

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