LogFAQs > #912891648

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Topic	US farmers cant sell crops because trade war with china. tons of food goes rot.
iClockwork 11/23/18 5:31:38 AM #2:	The U.S. government rolled out an aid program of around the same size - $12 billion - to help farmers absorb the cost of the trade war. As of mid-November, $837.8 million had been paid out. Some of that money will pass from farmers to grain merchants such as Archer Daniels Midland Co (ADM.N) and Bunge Ltd (BG.N), who are charging farmers more to store crops at elevators where there is limited space. Bunge and ADM did not respond to requests for comment on storage fees. The storage crunch and higher fees have boosted revenues at grain elevator Andersons [ANDE.O], Chief Executive Officer Pat Bowe said in an interview. Welfare! <cite>iClockwork posted [p:912891648] in US farmers... [t:77230598]...</cite> <quote><quote>The U.S. government rolled out an aid program of around the same size - $12 billion - to help farmers absorb the cost of the trade war. As of mid-November, $837.8 million had been paid out. Some of that money will pass from farmers to grain merchants such as Archer Daniels Midland Co (ADM.N) and Bunge Ltd (BG.N), who are charging farmers more to store crops at elevators where there is limited space. Bunge and ADM did not respond to requests for comment on storage fees. The storage crunch and higher fees have boosted revenues at grain elevator Andersons [ANDE.O], Chief Executive Officer Pat Bowe said in an interview.</quote> Welfare!</quote> ... Copied to Clipboard!
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