“The program, which will be funded by a $30 million allocation in the state budget, will grant direct payments starting at $1,000 to eligible agricultural producers, including dairy farmers and those working with livestock, specialty crops and aquaculture,” Ward reported. “A large swath of Trump’s tariffs was determined to have been illegal earlier this year by the U.S. Supreme Court, and Hochul’s move comes as U.S. importers scramble to seek refunds. The administration is in the process of replicating many of the levies under more-tested legal authorities.”
“Hochul’s office reported the state’s farmers faced increased expenses of $20,000 annually and escalating costs on essential imports like grain and feed as a result of tariffs,” Ward reported.
Newsday’s James T. Madore reported that “to be eligible for the state relief, farms must have at least two-thirds of their federal gross income in excess of $30,000 derived from agricultural activity, grow eligible crops in the state and provide eligibility and production data that’s certified by a financial professional.”
“Austin Weaver, an executive in upstate Watertown for lender Farm Credit East, said the state program would be a boost to the struggling agricultural sector,” Madore reported. “‘These funds will help offset financial losses in an industry that has been impacted by federal tariff policies,’ he said earlier this month after the state budget was adopted.”
NY, CT Become First States to Offer Tariff Relief to Farmers
Reuters’ Jasper Ward reported that “New York farmers can start submitting applications for up to $25,000 in relief from the state as part of a $30 million aid effort aimed at easing the hit to farmers from Republican U.S. President Donald Trump’s tariffs, Democratic Governor Kathy Hochul said on Monday. Over the last year, Trump has imposed an array of tariffs, including a global 10% tariff and retaliatory tariffs on China, which led Beijing to levy its own tariffs on U.S. soybean exports.”
“‘The tariffs imposed by the Trump administration are reckless and damaging to so many of our industries, including our agricultural producers, who rely so heavily on the forces of international markets,’ Hochul said in a statement,” according to Ward’s reporting. “‘I promised to stand up and fight for our farmers and I’m proud that our Agricultural Resiliency Against Tariffs Program will provide the much-needed relief to New York’s farmers who feed our communities.'”
“The program, which will be funded by a $30 million allocation in the state budget, will grant direct payments starting at $1,000 to eligible agricultural producers, including dairy farmers and those working with livestock, specialty crops and aquaculture,” Ward reported. “A large swath of Trump’s tariffs was determined to have been illegal earlier this year by the U.S. Supreme Court, and Hochul’s move comes as U.S. importers scramble to seek refunds. The administration is in the process of replicating many of the levies under more-tested legal authorities.”
“Hochul’s office reported the state’s farmers faced increased expenses of $20,000 annually and escalating costs on essential imports like grain and feed as a result of tariffs,” Ward reported.
Newsday’s James T. Madore reported that “to be eligible for the state relief, farms must have at least two-thirds of their federal gross income in excess of $30,000 derived from agricultural activity, grow eligible crops in the state and provide eligibility and production data that’s certified by a financial professional.”
“Austin Weaver, an executive in upstate Watertown for lender Farm Credit East, said the state program would be a boost to the struggling agricultural sector,” Madore reported. “‘These funds will help offset financial losses in an industry that has been impacted by federal tariff policies,’ he said earlier this month after the state budget was adopted.”
“The program, which will be funded by a $30 million allocation in the state budget, will grant direct payments starting at $1,000 to eligible agricultural producers, including dairy farmers and those working with livestock, specialty crops and aquaculture,” Ward reported. “A large swath of Trump’s tariffs was determined to have been illegal earlier this year by the U.S. Supreme Court, and Hochul’s move comes as U.S. importers scramble to seek refunds. The administration is in the process of replicating many of the levies under more-tested legal authorities.”
“Hochul’s office reported the state’s farmers faced increased expenses of $20,000 annually and escalating costs on essential imports like grain and feed as a result of tariffs,” Ward reported.
Newsday’s James T. Madore reported that “to be eligible for the state relief, farms must have at least two-thirds of their federal gross income in excess of $30,000 derived from agricultural activity, grow eligible crops in the state and provide eligibility and production data that’s certified by a financial professional.”
“Austin Weaver, an executive in upstate Watertown for lender Farm Credit East, said the state program would be a boost to the struggling agricultural sector,” Madore reported. “‘These funds will help offset financial losses in an industry that has been impacted by federal tariff policies,’ he said earlier this month after the state budget was adopted.”