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Trade Aid Adds Insult To Injury

Posted on 8/27/18

Missouri Corn Growers Association President Kyle Kirby, a farmer from Barton County, released the following statement regarding today’s trade mitigation plan details. In the announcement, the U.S. Department of Agriculture (USDA) sets the payment to corn farmers at one cent per bushel based on 2018 production numbers.

“The details released in the trade mitigation plan kick Missouri corn farmers when we’re already down.
“According to an analysis commissioned by the National Corn Growers Association and provided to USDA and the Office of Management and Budget, trade disputes have lowered corn prices by 44 cents per bushel for the 2018 corn crop. For USDA to allocate a penny per bushel is a slap in the face to every farmer who watched the corn market plummet as trade relations deteriorated.

“Adding further insult to injury, the one penny per bushel payment will be calculated using 2018 production numbers. For some growers in our state, that number is easily calculated when the production number is zero. Our elected officials in D.C., went to bat for Missouri corn farmers, asking payments to be based on historic yields. While we applaud the work of our Congressional delegation, there is no justification for USDA’s decision to ignore corn farmers as casualties in these trade wars.

“Missouri’s corn farmers are calling for this administration to fairly compensate for losses caused by trade disputes, negotiate trade agreements with new countries, reallocate the unprecedented Renewable Fuel Standard waivers doled out to highly profitable oil companies and grant RVP relief on higher blends of corn-based biofuels. The administration needs to do what’s right.”

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Becky Frankenbach
Director of Communications
Missouri Corn Growers Association
(573) 893-4181
bfrankenbach@mocorn.org

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