Monday, January 18, 2021

U.S. contract producers get windfall

In the waning hours of the Trump administration, $2.3 billion has been dedicated to helping farmers producing pigs, chickens, turkeys and beef cattle on contract.

The administration said the money was left over from the $23.6 billion set aside for COVID-19 relief.

It will cover 80 per cent of declines in revenues from their level of income in the previous year, said U.S. Agriculture Secretary Sonny Purdue.

For Canadian farmers, it's like rubbing salt into an open wound.