US to outline new farm payments as crop prices slump

South American suppliers this fall during stalled trade talks. The administration had been expected to announce a farm bailout totaling as much as $15 billion in October. Rollins previously said the 43-day federal government shutdown delayed the rollout. “There’s no doubt that the farm economy for a lot of reasons is really, really struggling right now,” Rollins said on NewsNation on Wednesday, adding that resumed soybean purchases from China and other agricultural trade deals have improved conditions. “We’ll soon be announcing a potential bridge payment for those who are still facing losses,” Rollins said. Stephen Vaden, the USDA’s deputy secretary, told reporters in a call on Monday that the agency is in the process of calculating how recent trade deals with countries including Pakistan and Japan could affect the farmer payments. Bloomberg reported on Wednesday that details of the payments will be announced in early December, citing an interview with Rollins. The USDA did not ...