US Government Allocates $30 Billion to Support Farmers Amid Economic Downturn

In a major relief effort aimed at combating the financial struggles faced by the agricultural sector, the United States government has announced the first tranche of a staggering $30 billion earmarked for farmers grappling with economic distress. This initiative comes at a time when many farmers are experiencing unprecedented challenges, including price volatility, adverse weather conditions, and rising input costs, which have collectively put severe pressure on their operations.

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COFCO Faces Tough Times as China Steps in to Protect Local Farmers

In a significant turn of events, China’s state-owned food giant COFCO has been compelled to resell multiple cargoes of wheat due to new government policies aimed at shielding domestic farmers from foreign competition. The decision comes as Beijing aims to stabilize domestic grain prices amid rising global food costs.

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