USDA to begin second tranche of trade aid for U.S. farmers next week

The U.S. Department of Agriculture said on Friday it will begin making a second round of 2019 trade aid payments to U.S. farmers next week.

The payments are part of a $16 billion aid package announced in May to be paid in three separate tranches.

Farmers will now be eligible to receive 25% of the total payment expected, in addition to the 50% they already received in the first round of the 2019 package, the USDA said.