Trump tapping $12B to help farmers affected by tariffs

wral.com ^ | July 24, 2018 | KEN THOMAS and PAUL WISEMANl, AP

[Freedom'sWorthIt]

WASHINGTON — The government announced a $12 billion plan Tuesday to assist farmers who have been hurt by President Donald Trump's trade disputes with China and other trading partners.

The plan focuses on Midwest soybean producers and others targeted by retaliatory measures.

The Agriculture Department said the proposal would include direct assistance for farmers, purchases of excess crops and trade promotion activities aimed at building new export markets. Officials said the plan would not require congressional approval and would come through the Commodity Credit Corporation, a wing of the department that addresses agricultural prices.

"This is a short-term solution that will give President Trump and his administration the time to work on long-term trade deals," said Agriculture Secretary Sonny Perdue. Officials said the direct payments could help producers of soybeans, which have been hit hard by the Trump tariffs, along with sorghum, corn, wheat, cotton, dairy and farmers raising hogs.

[nutmeg]

They sell most of their lobsters to Canada where, if you can believe it, it is canned - at least, that was how it was a year or two ago. Annoying. They should be selling it all to me!

LOL! Canned? Wow.

Well, we know many Maine lobsters end up in Maine restaurants and (home) kitchens. How many specifically, I have no idea.

A huge number of Maine lobsters end up in China. Saw this on FNC a couple of days ago:

Maine lobstermen feeling the pinch of US-China trade battle

[katiedidit1]

Thank you

[Almondjoy]

Ok fine, at best it’s a mischaracterization, banks were forced to take this money, it was paid back with interest so it was not a bailout.