Excessive subsidies by Brazil, China, Turkey and India are hurting wheat farmers across the globe including the United States. U.S. Wheat Associate’s Director of Policy Dalton Henry says those figures show it could cost U.S. growers nearly $ 1 billion in revenue every year.
Henry says U.S. Wheat Associates is working with the U.S. Trade Representative’s Office and USDA’s Foreign Agricultural Service in trying to find some way to address this problem.
He says the domestic support programs being used in the four countries are very different than programs used in the United States.
Henry says that the research shows that if all support were removed from the four countries, the U.S. annual wheat production would increase by more than just over 2 billion bushels and farm gate prices would increase by 30 cents a bushel. That would mean $ 947 million more in annual revenue for U.S. wheat growers.