Aid To Farmers Falls Short Of Damage From Trump Tariffs

[DonViejo]

Oliver Willis

August 29, 2018 2:59 am

Billions of dollars are being released for Trump’s bailout of farmers who have been hurt by his trade war — but, as predicted, the money still isn’t nearly enough to make up for the damage Trump’s reckless tariffs have done to American farmers.

The U.S. Department of Agriculture (USDA) has announced that it is releasing an initial $4.7 billion payout to farmers, and intends to purchase $1.2 billion of surplus food that it will distribute to federal nutrition assistance programs.

After Trump started his unnecessary trade war by levying tariffs on imported goods, other nations like China predictably retaliated with tariffs on U.S. goods.

The trade war has had many damaging ripple effects. One of the worst is that American farmers have been priced out of many global markets, and have lost billions in revenue.

American farmers are now forced to dramatically lower their prices, and are stuck with large stores of unsold goods, because foreign purchasers can buy things like hogs and soybeans from other countries for less money.

more
http://www.nationalmemo.com/aid-to-farmers-falls-short-of-damage-from-trump-tariffs/

[dalton99a]

1. They knowingly voted for their predicament

with great enthusiasm

[Angry Dragon]

2. Kick for exposure

[hatrack]

3. Womp Womp

.

[TheFarseer]

4. Say what you will about their voting habits

But it’s going to be very bad when corps totally take over agriculture. Food prices will sky rocket because an oligopoly of food producers will make sure the prices stay high whereas millions of independent family farmers have no pricing power.