American farmers may need a third round of government assistance next year if political conflicts during the 2020 US election cycle prevent the Trump administration from closing deals and reopening major export markets.
This statement was made by the head of the largest farm lobby in the United States, President of the American Federation of Farm Bureau Zippy Duval on Tuesday, June 18.
According to Duvall, if the US Congress is unable to ratify the Agreement between the United States, Mexico and Canada (USMCA), then it may be difficult for him and the Trump administration to conclude any trade agreements with other major markets, including the European Union and Japan.
The American Farm Bureau Federation is increasingly worried that American farmers could potentially enter the third year with limited access to key export markets, while their farm economies are suffering from low crop prices and struggling with flood damage in the Midwest.
The Trump administration so far has pledged $ 28 billion in support payments to US farmers in two separate rounds to offset the decline in agricultural prices and sales losses caused by trade disputes with China and other countries.
"If we are not going to conclude a USMCA, if we are not going to solve our problems in China or Japan, then we need to talk about another payment in order to try to keep the farmers afloat until this is done," said the President of the American Federation of Farmers' Bureau.