Trump administration reveals details of $16 billion farm bailout in U.S. trade war

[mahatmakanejeeves]

Source: Washington Post

Business
Trump administration reveals details of $16 billion farm bailout in U.S. trade war
Many say the bailout will not make farmers whole in the face of tariffs and other adverse conditions.

By Laura Reiley
Reporter covering the business of food
July 25 at 3:55 PM

The Trump administration revealed new details of its $16 billion aid package for farmers hit in the U.S.-China trade war -- with key provisions meant to avoid large corporations scooping up big payouts at the expense of small farmers.

[Trump announces new $16 billion aid package for American farmers hit in trade war]
https://www.washingtonpost.com/business/2019/05/23/trump-administration-unveil-new-billion-aid-package-american-farmers-hit-trade-war/

In 2018, payout to individual farmers hurt by the trade war with China was capped at $125,000; this time it has been raised to $250,000 per person or legal entity, with a cap of $500,000 across three categories -- for those who produce soy as well as vegetables and pigs.

The cap comes in response to claims of significant abuse in last year's $12 billion trade relief package.

[The White House admits its trade war is hurting farmers — with a $12 billion bailout]
https://www.washingtonpost.com/news/the-fix/wp/2018/07/24/the-white-house-just-admitted-its-trade-war-is-hurting-farmers-and-lost-some-leverage/
....

Eligible farmers will receive a minimum of $15 per acre and a maximum of $150 per acre, regardless of specific crop, the exact amount determined county by county. Three groups of agricultural producers are eligible for assistance: farmers who grow row crops; those who produce specialty crops such as nuts, cranberries and grapes; and producers of dairy and pork.

Fifty percent of farmers' aid will be paid out at the end of August, in the first of three payments.
....

Laura Reiley is the business of food reporter. She was previously a food critic at the Tampa Bay Times, San Francisco Chronicle and Baltimore Sun. She has authored four books, has cooked professionally and is a graduate of the California Culinary Academy. She is a two-time James Beard finalist and in 2017 was a Pulitzer finalist. Follow https://twitter.com/lreiley

Read more: https://www.washingtonpost.com/business/2019/07/25/trump-administration-reveals-details-billion-farm-bailout-us-trade-war/

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Trump administration reveals details of $16 billion farm bailout in U.S. trade war

Link to tweet

[BigmanPigman]

1. WORST POTUS EVER!!!!

In every way imaginable!

[keithbvadu2]

2. Will farmers reject Donald's socialism?

Something you won't hear from a Trump-country farmer:
Rejecting Donald's socialism.

[The Liberal Lion]

20. Taking money from liberal/progressive states to bailout the fuckfaces

who put that orange POS in office. Criminal!

[keithbvadu2]

21. Many billion$ of new Trump taxes called 'tariffs'.

Many billion$ of new Trump taxes called 'tariffs'.

[Freethinker65]

3. Fixed it: Trump administration reveals taxpayer cost of bribe to farmers to vote GOP

[cstanleytech]

6. Exactly. nt

[bluestarone]

4. WOW! TOTAL BULLSHIT!!

He will DESTROY this country if allowed to continue!! I'm sure the BIG RICH farmers will get the BIGGEST SLICE of the pie while the others will just be happy as hell!! EDIT to ask if this can be stopped?

[Bernardo de La Paz]

5. Plus the previous 12,000,000,000 dollars paid in 2018 to Trump-belt farmers. . . . nt

[randr]

7. I'm guessing Rand Paul had a shitfit?

[Wellstone ruled]

8. Ah ,the old

Huey Long Vote buying gig. Now you all know how to vote come next election don't you all.

[dixiegrrrrl]

9. What people don't realize is how many foreign farm owners will get the $$$$$

You may remember that fairly recent story of the 2 cattle brothers in Brazil who got millions from trumps first farm aid giveaway.

What happens is that they, and Chinese mega corps, have bought pig, chicken and beef farms here in the US.
China bought Smithfield, the famous ham producer, and Pilgrim's Pride chicken

They run these farms via US subsidiaries.
trump gives AG money to the subsidiaries, which funnels right back to the original company.

[Wuddles440]

10. Let me understand this....

the fuckhead occupying (illegitimately) our White House created the conditions that precipitated this "adversity" in the agricultural community and now we have bail them out with billions of our tax dollars! The Dem leadership, officeholders, and candidates should be mentioning this travesty to the media on a daily basis because the CONS would certainly do so if they were handed such an opportunity.

[Blue_Tires]

11. THEY DON'T EVER DARE CALL IT "SOCIALISM"

[LastLiberal in PalmSprings]

18. THEY don't, but I will. It's f*cking socialism for the corporate owned farms.

Oh, and maybe some tidbits for the "family farms" which are being absorbed by the corporations ("Resistance is futile!" ), but we all know who's going to get the biggest amount of this taxpayer-funded giveaway.

Free Market Rule #1: Capitalize gains, socialize losses.

I'm waiting for a WH authorized bailout of any golf course owned by Fat Donnie.

[B Stieg]

12. A CROOK paying a bribe.

[Blue_Tires]

13. I'm old enough to remember when

Obama was accused of "buying votes" every time he granted money to a region for whatever reason...

[Vinca]

14. Trump socialism.

[Thomas Hurt]

15. LOL, out and out bribery.

[sinkingfeeling]

16. Where is this money coming from? Budget for USDA?

P.S. I didn't read complete article.

[sakabatou]

17. So where are all the Republicans screaming "Socialism?"

[old guy]

19. American farmers have met the welfare queens and it is them.