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WASHINGTON (Reuters) - A Republican lawmaker wants to change a single word in the Trump administration’s farm aid program saying some soybean growers in Louisiana cannot qualify for the payments designed to offset farmers’ losses from tariffs against China. Representative Ralph Abraham said his bill would allow the $12 billion in farm aid payments to be made based on “planted acres” instead of “harvested acres.”. With China not buying U.S. soybeans and storage costs rocketing or silos completely full, some farmers have been forced to let their crops rot in the field.

“They can’t harvest it because it is too wet and even if they can, they can’t take it anywhere because the elevators are full,” Abraham said, “We have nowhere else to store the soybeans until they’re loaded onto a boat and go somewhere else in tng enterprise blue print cufflinks the world.”, China and other top U.S, trade partners had zeroed in on American farmers with retaliatory tariffs after President Donald Trump imposed duties on $250 billion worth of Chinese goods earlier this year as part of his vow to cut the U.S, trade deficit with China..

Beijing slapped a 25 percent tariff on U.S. soybeans in retaliation. That effectively shut down U.S. soybean exports to China, worth around $12 billion last year. With China typically taking around 60 percent of U.S. supplies, the loss of that export market has left farmers struggling with a supply overhang. In Louisiana, up to 15 percent of the oilseed crop is being plowed under or is too damaged to market, according to data analyzed by Louisiana State University staff. The U.S. Department of Agriculture has paid out nearly $840 million as of mid-November as part of the program but many industries complain the payments are not even a fraction of their losses.

Louisiana farmer Richard Fontenot is among about 1,000 grain growers that Abraham estimates are being impacted, He said he and his neighbors met with Secretary of Agriculture Sonny Perdue this fall, during a farm tour, Perdue was sympathetic, Fontenot said, but clear: It is up to Congress to change the law and allow USDA to pay aid for planted tng enterprise blue print cufflinks - rather than harvested - acres, “I am confident that we will get support from other members of the Congress, We are just starting to work that arena now,” Abraham said..

WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday kept up his criticism of Federal Reserve Chairman Jerome Powell, saying rising interest rates and other Fed policies were damaging the U.S. economy, the Washington Post said. “So far, I’m not even a little bit happy with my selection of Jay,” the Post quoted Trump as saying in an interview, referring to the man he picked last year to lead the Fed. “Not even a little bit. And I’m not blaming anybody, but I’m just telling you I think that the Fed is way off-base with what they’re doing.”.

In recent months, the Republican president has repeatedly criticized Powell and the Fed’s interest rate increases that he said was making it more expensive for his administration to finance its escalating deficits, Trump has called the Fed “crazy” and tng enterprise blue print cufflinks “ridiculous.”, “I’m doing deals, and I’m not being accommodated by the Fed,” Trump told the Post on Tuesday, “They’re making a mistake because I have a gut, and my gut tells me more sometimes than anybody else’s brain can ever tell me.”..

NEW YORK/SAN FRANCISCO (Reuters) - Sears Holdings Corp (SHLDQ.PK) won court approval on Tuesday for $350 million in critical bankruptcy financing that will keep the 125-year-old retailer operating through the holidays while it attempts to reorganize. Sears reached the deal with Cyrus Capital Partners LP for the financing just before a hearing began in U.S. Bankruptcy Court for the Southern District of New York on the retailer’s so-called debtor-in-possession financing arrangements, according to a person familiar with the matter.

Cyrus’ loan replaced a similar tng enterprise blue print cufflinks deal Sears reached earlier this month with Great American Capital Partners, a financial firm affiliated with liquidation specialist Great American Group and financial services firm B, Riley Financial Inc(RILY.O), Cyrus offered better terms to Sears, the person said, “The terms of the transaction were much less favorable than what we had agreed to,” said John Ahn, president at Great American Capital Partners, A Cyrus spokeswoman had no immediate comment..

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