As those among the hardest hit by the current trade disputes with China, farmers in Iowa received more than $300 million in subsidies during the first quarter of this year, according to a Washington-based nonprofit.
The Environmental Working Group released its analysis of the Trump administration’s latest trade bailout plan – a $16 billion package – with a focus on the first phase of disbursements.
The EWG found that Iowa received $321 million in direct payments, placing the state second behind neighbor Illinois. More than 23,000 producers in Iowa received aid, though the top one percent of recipients took close to 10 percent of the funding, according to the analysis.
Producers in the counties of Linn and Johnson were each allocated no more than $4 million, which is more or less one percent of the aid. The U.S. Department of Agriculture said that 29 percent of farms in the state did not accept any of the trade-aid payments.
The trade war between the U.S. and China has negativelly impacted many American farmers. Last year, the Trump administration announced a $12 billion plan in response to lower prices for farm goods and lost sales generated by the dispute with the world’s second largest economy.
Soybean shipments to China fell to a 16-year low in 2018. The Chinese purchased about $3 billion worth of soybeans, a 74 percent drop from the previous year.