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Missouri Corn CEO – payments too little, too late

The CEO of the Missouri Corn Growers Association says corn farmers are not pleased with the offer of a penny-per-bushel in trade aid, especially farmers in Missouri, “It’s a little bit like the rain that we’re receiving. It’s a little bit underwhelming and it’s a little bit late.”

Gary Marshall tells Brownfield he’s heard under this USDA mitigation package, corn farmers will only be paid a half-a-cent to begin with. And he says to add insult to injury, Missouri farmers whose crops are suffering from drought will have to use this year’s data, “The payment, not just for corn but for grain sorghum and also for soybeans, is all based on this year’s yields. So, to Missouri farmers that’s kind of like a double slap in the face.”

Marshall tells Brownfield their studies of the market disruption with NAFTA, China, and the Trans Pacific Partnership (TPP) shows corn farmers have actually taken a 44-cent-per-bushel hit.

Marshall says the preliminary trade deal with Mexico is positive but Canada needs to join the new NAFTA and the U.S. government could easily help farmers by reinstating the gallons of ethanol taken away in the form of small refinery waivers. The biggest help to corn farmers, he says, would be something to replace the T-P-P.

AUDIO: Interview with Gary Marshall ~

 

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