1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i New Round of Farm Trade Aid Proposed by Administration for 2019 Randy Schnepf Specialist in Agricultural Policy May 31, 2019 On May 23, 2019, the U.S. Department of Agriculture (USDA) announced that it will take several ac
2、tions in 2019 to assist farmers in response to continued economic damage from trade retaliation and trade disruption in international agricultural markets. These actions are to include a new trade aid package for the U.S. farm sector valued at up to $16 billion. Building on the 2018 Trade Aid Packag
3、e USDA implemented a similar trade aid package in 2018, also in response to trade retaliation against U.S. agricultural products. Secretary of Agriculture Sonny Perdue used authority under the Commodity Credit Corporation (CCC) Charter Act (15 U.S.C. 714c) to authorize up to $12 billion in financial
4、 assistance for certain agricultural commodities. In September 2018 Secretary Perdue stated that 2018 trade aid was a one-time program and that nothing similar would be implemented in 2019 unless Congress took the initiative to authorize such a package. Instead of future trade aid, the Administratio
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