Trump Readies New Round of Aid to Farmers Hit by China Trade War
Source: Bloomberg
The Trump administration is preparing to announce another round of aid to farmers hurt by the trade war with China as soon as Thursday, people familiar with the plan said, a package of assistance that could exceed $15 billion.
The aid plan is largely modeled on the program the administration put in place last year after China slapped retaliatory tariffs on U.S. agricultural products, though the payments will be more generous.
The administration is considering payments of about $2 per bushel to soybean growers, 63 cents per bushel to wheat growers and 4 cents per bushel to corn growers to compensate for losses from the trade war, according to two people familiar with the payment levels, who asked not to be identified because the aid plan hasnt been made public.
The administration last year paid $1.65 per bushel for soybeans, 14 cents per bushel for wheat and 1 cent per bushel for corn.
Read more: https://www.bloomberg.com/news/articles/2019-05-21/trump-farmers-trade-war
LogicFirst
(573 posts)with our money. That is how Trump does everything: on someone else's money.
pazzyanne
(6,560 posts)Where is the money for this coming from? Trump is already funneling money from the TSA and FEMA for his stupid border wall. Seems to me this stinks to high heaven!
matt819
(10,749 posts)All he had to do was, well, absolutely nothing.
Farmers would have sold their soybeans and corn to China - no federal government bailout, apart from the usual pork (so to speak) in the farm bill.
Of course, to vote no on bailouts for farmers would be suicide.
Honeycombe8
(37,648 posts)mwb970
(11,377 posts)duforsure
(11,885 posts)With our money from his failed policies he's promoting, and his promises almost always aren't kept then he blames others.
NoMoreRepugs
(9,530 posts)dlk
(11,606 posts)How many ways can you spell hypocrisy?
Bengus81
(6,941 posts)HYPOCRITE BASTARDS...........
ArizonaLib
(1,242 posts)Children in cages and welfare to farmers. Are these the same farmers who send representatives to congress who are voting for work required welfare/assistance?
Farmer-Rick
(10,244 posts)But then my soybeans are non-GMO, Certified Naturally Grown and well, really edamame. But even then, I've lost some customers because the chemical farmers are now looking for markets and they pick up the customers that don't want chemical-free that I was selling to. I do black soybeans in larger quantities and get lower, wholesale prices for them but even they are selling 4 times that price.
Maxheader
(4,374 posts)Or 4 times market price?
oasis
(49,499 posts)louis-t
(23,321 posts)We get to pay higher prices because of stupidface, then we get taxed more to pay off the people he screwed in the first place.
Marie Marie
(9,999 posts)louis-t
(23,321 posts)Achilleaze
(15,543 posts)with our tax money.
* aka republican Draft-Dodger-in-Chief
keithbvadu2
(37,066 posts)Something you won't hear from a Trump-country farmer:
Rejecting Donald's socialism.
cstanleytech
(26,368 posts)yaesu
(8,020 posts)Bernardo de La Paz
(49,089 posts)roamer65
(36,748 posts)Where are the subsidies for other businesses affected by his stupid tariffs?
End all agricultural subsidies...NOW.
tanyev
(42,693 posts)bluestarone
(17,149 posts)Worst people on earth right now! The whole tRUMP family with the RETHUGS behind them!!!
procon
(15,805 posts)be forced to pay more for the goods they buy?
riversedge
(70,483 posts)walkingman
(7,711 posts)Cicada
(4,533 posts)It does not help those growing nuts and fruits. California is getting clobbered by Chinas sanctions on those. It does help those growing soybeans and other crops grown mainly in red states.
marlakay
(11,545 posts)Because Trump charged money to China which we will pay by paying farmers and higher prices for goods.
Tell me how that helps Americans?
I dont see how it helps even Trumps buddies.