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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFarmers are slamming Trump's $28 billion farm bailout -- more than double Obama's Auto Bailout
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.
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
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Farmers are slamming Trump's $28 billion farm bailout -- more than double Obama's Auto Bailout (Original Post)
spanone
Sep 2019
OP
BigmanPigman
(51,624 posts)1. Are the farmers going to pay it back like the auto industry?
Doubt it. He just bought their votes.
Docreed2003
(16,869 posts)2. Right??
And the average farmer isn't likely to shit jack crap of that money compared to corporate farms
IndyOp
(15,535 posts)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
(269,157 posts)3. Off to the greatest page
right fucking now