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Wisconsin soybean growers unimpressed by aid package

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There is not a ton of enthusiasm from farming groups over the plan announced this week by the Trump administration to help with the impact of a growing trade war.

The $12 billion promised as subsidy isn’t close to what farmers are losing due to retaliatory tariffs in the ongoing trade war, said Wisconsin Soybean Association executive director Robert Karls.

“Hopefully it will help get some bills paid but there’s still a lot of concern that many farmers won’t be able to farm next year,” Karls said.

Karls and other farmer groups say having better trade deals in the future shouldn’t involve sacrificing their current well being. The losses are piling up, Karls added, and the future doesn’t look especially bright.

“Farmers are concerned,” he said. “They do appreciate the fact that this aid program was put in place but they recognize it’s not gonna resolve the issue.”

Karls says ongoing trade disputes have led to a drop in soybean prices of 20 to 25 percent.

“They do not want to receive payments,” Karls said. “They want to go out and conduct business in a capitalist society that allows them to go and produce and sell and pay their bills and feed their family.”

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