Farmers are slamming Trump's $28 billion farm bailout -- more than double Obama's Auto Bailout

[spanone]

Farmers are slamming Trump's $28 billion farm bailout — more than double Obama's 2009 payment to automakers — as a 'Band-Aid'

Farmers are slamming Donald Trump over his trade war with China, saying his administration's bailouts to the agricultural industry are like a 'Band-Aid' when it comes to helping those affected by the tariffs.

As president, Trump has repeatedly slapped tariffs on Chinese goods entering the United States, sparking tit-for-tat tariff hikes from China on products including agricultural goods.

As a result, exports of goods such as soybeans and pork to China have dropped off dramatically, with the Financial Times reporting that in the first five months of 2019, the US exported 4.3 million tonnes of soybeans to China, down from 15.2 million in the same period last year.

To compensate, Trump has provided $28 billion in bailouts for farmers over the past two years — more than twice the $12 billion Obama paid out to automakers crippled by the financial crisis in 2009.

https://markets.businessinsider.com/news/stocks/trump-farmer-bailout-more-than-double-obama-automaker-payout-2009-2019-9-1028545235

[BigmanPigman]

1. Are the farmers going to pay it back like the auto industry?

Doubt it. He just bought their votes.

[Docreed2003]

2. Right??

And the average farmer isn't likely to shit jack crap of that money compared to corporate farms

[IndyOp]

4. Corporate farms should be forced to pay it back. We've had decades and decades

of laws written to protect corporate farms as if they were family farms.

In college, my roommate Charlotte came from a family farm - she went home every weekend on Friday afternoon and put in 30 hours of work before she returned on Monday morning so her parents could keep the farm. That's a family farm.

[malaise]

3. Off to the greatest page

right fucking now