From RRFN:
Chinese Wheat Subsidies Cost U.S. Farmers — Iowa State University ag economist Dermot Hayes has updated his 2015 study that showed that China’s excessive wheat subsidies alone were costing U.S. farmers almost $550 million per year. Now, Hays says the decline in world prices has increased the projected annual loss in U.S. wheat farm revenue from China’s policies by 16 percent, to $653 million. A separate study in 2014 showed that China effectively pays its farmers a minimum procurement price of over $10 a bushel for wheat and subsidizes input costs.
Red River Farm Network | 1407 24th Ave. South - Suite 235 | Grand Forks, ND 58201
(701) 795-1315 | Email: rrfn@rrfn.com | www.rrfn.com
Chinese Wheat Subsidies Cost U.S. Farmers — Iowa State University ag economist Dermot Hayes has updated his 2015 study that showed that China’s excessive wheat subsidies alone were costing U.S. farmers almost $550 million per year. Now, Hays says the decline in world prices has increased the projected annual loss in U.S. wheat farm revenue from China’s policies by 16 percent, to $653 million. A separate study in 2014 showed that China effectively pays its farmers a minimum procurement price of over $10 a bushel for wheat and subsidizes input costs.
Red River Farm Network | 1407 24th Ave. South - Suite 235 | Grand Forks, ND 58201
(701) 795-1315 | Email: rrfn@rrfn.com | www.rrfn.com
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