$4.7B welfare to farmers due to dotard donald's losing tariff war - Social Anxiety Forum
 
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post #1 of 4 (permalink) Old 08-27-2018, 06:28 PM Thread Starter
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$4.7B welfare to farmers due to dotard donald's losing tariff war


Total farmer welfare is $12B(!) with 'more if warranted'. Let's see, deplorable donald has multiple failed businesses and bankruptcies and has no political experience. What could go wrong if we give this moron power? This is by far the worst times the US has seen in decades.

https://www.yahoo.com/finance/news/u...193205069.html

Quote:
The U.S. Department of Agriculture said on Monday its farm aid package would include $4.7 billion in direct payments to farmers to help offset losses from retaliatory tariffs on American exports this season.

The bulk of the payments, $3.6 billion, would be made to soybean farmers. That amounts to $1.65 per bushel multiplied by 50 percent of expected production, Undersecretary for Farm Production and Conservation Bill Northey said on a conference call.

China has traditionally bought about 60 percent of U.S. soybean exports. But it has been largely out of the market since implementing tariffs on U.S. imports in retaliation for the Trump administration's tariffs on Chinese goods.

"An announcement about further payments will be made in the coming months if warranted," Agriculture Secretary Sonny Perdue said.

The aid package, announced at $12 billion in July, will also include payments for sorghum of 86 cents per bushel multiplied by 50 percent of production, 1 cent per bushel of corn, 14 cents per bushel of wheat, and 6 cents per pound of cotton.

Payments for hog farmers will be $8 per pig multiplied by 50 percent of Aug. 1 production, while dairy farmers will receive 12 cents per hundred weight of production, Northey said.

Sign-up for the program will begin on Sept. 4, to coincide with the 2018 harvest, and end in January. Farmers will need to present production evidence to collect payments and payments are capped at $125,000 per person.

The program will also include $1.2 billion in purchases of commodities, including pork and dairy products, to be spread out over several months, Undersecretary for Marketing and Regulatory Programs Greg Ibach said.

"The specific commodities to be purchased are those that have been impacted by the unfair tariffs that have been imposed by other nations," he said.

The program will also include some $200 million for a trade promotion program to develop new markets.

The package has been seen as a temporary boost to farmers as the United States and China negotiate trade issues. It has divided Republicans, some of whom favor free trade and were troubled by what they viewed as the kind of welfare programs their party has traditionally opposed. It has also faced skepticism from some farmers, a key Trump constituency.

"Short-term aid does not create long-term market stability," said Doug Schroeder, Illinois Soybean Growers vice chairman, in a statement after the announcement. "Producers need trade, not aid.”

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post #2 of 4 (permalink) Old 08-27-2018, 06:30 PM Thread Starter
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Steel hasn't been doing that well either, thanks to dotard donald's tariff war.

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post #3 of 4 (permalink) Old 08-28-2018, 05:50 PM Thread Starter
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Welfare farmers among the hundreds of thousands that regret voting for dotard donald.

https://www.yahoo.com/finance/news/a...194251558.html

Quote:
The U.S. Department of Agriculture announced this week that it will be releasing the first tranche of $12 billion in aid to farmers who have been harshly affected by tariffs from the trade war.

The payment program will begin on Sept. 4, with $4.7 billion in payments being provided to corn, cotton, dairy, hog, sorghum, soybean and wheat farmers in addition tofederal government purchases of up to $1.2 billion involving “commodities unfairly targeted by unjustified retaliation.” Those in the soybean industry will be receiving the biggest share of the payments.

Blake Hurst, a corn and soybean farmer from Missouri, said on Midday Movers that while many farmers are grateful of the help they are receiving and supportive of what President Trump is trying to accomplish, “obviously we’d be much better off with a resumption of normal trading patterns around the world.”

The biggest question for Hurst, who also serves as the Missouri Farm Bureau president, is whether or not the trade war will continue. He put a human face on the fact that soybeans have been hit the hardest by the tariffs.

“We’ve seen about a 15–20% drop on the prices we receive in our farm,” he said. The only answer, he stated, is to make progress in negotiations with China, since they are the biggest soybean customers. “Not more government programs, but to make progress,” he said.

“There has to be some sign that we’re making forward progress,” Hurst added. “If we’re just having tariffs for tariffs’ sake, then that’s a dumb economic policy and disastrous for America’s farmers.”

Trade is an existential issue for farmers. Hurst that said news of the trade deal between the US and Mexico was a step in the right direction.

“Let’s finish up with Canada and get on to China,” he said. “That’s the answer.”

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post #4 of 4 (permalink) Old 08-28-2018, 07:59 PM
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Republicans love welfare now.

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