How much tariff relief will go to dairy farmers?
copyright the Chronicle May 30, 2018
If the $12-billion tariff relief plan announced by President Donald Trump includes between $1.8-billion and $2-billion for dairy producers, it could make up for a substantial amount of the damage farmers have suffered since the President embarked on his trade war, said Bob Wellington, Agri-Mark senior vice-president and economist.
Mr. Wellington said Tuesday that such an infusion of money into the dairy economy could mean a $2-per-hundredweight increase in milk prices, erasing the drop caused by retaliatory tariffs imposed by U.S. trading partners.
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