Posted on 08/27/2018 2:55:37 PM PDT by yesthatjallen
The Trump administration said Monday that it will dole out around $6 billion in aid to farmers, as part of up to $12 billion in funds planned for those in the agricultural sector suffering from global tariffs.
Last month, the Trump administration had promised up to $12 billion in emergency aid to the agriculture industry to calm rising concerns about a trade war sparked by the government's global tariffs.
The US Department of Agriculture said Monday that it would dole out around $6 billion, including about $4.7 billion to producers of corn, cotton, dairy, hog, sorghum, soybean, and wheat.
The Department will also purchase up to $1.2 billion in commodities targeted by global tariffs, and distribute the produce via the Emergency Food Assistance Program and child nutrition programs.
The remaining $200 million will go towards helping U.S. farmers identify and access foreign markets through the Foreign Agricultural Service’s Agricultural Trade Promotion Program.
"Early on, the President instructed me, as Secretary of Agriculture, to make sure our farmers did not bear the brunt of unfair retaliatory tariffs," said Agriculture Secretary Sonny Purdue in a statement.
“It’s important to note all of this could go away tomorrow, if China and the other nations simply correct their behavior,” Perdue said. “But in the meantime, the programs we are announcing today buys time for the President to strike long-lasting trade deals to benefit our entire economy.”
The US slapped more tariffs on $16 billion worth of Chinese goods last Thursday, following seemingly unproductive trade talks between the two countries Wednesday.
The U.S. tariffs have been contentious around the world, with governments elsewhere criticizing the Trump administration for sparking global trade wars.
I’ve heard before that it is mostly the large, corporate owned farmers that get the cash. The smaller, mom and pop farms not so much.
What is the reality?
We didn't start anything.
We have finally engaged in a struggle which has been going on for a long, long time.
Exactly.
Stats are a few years old, but still accurate. That bottom three-quarters don’t actually make a living farming:
...Large farms with over $1 million in sales account for only 4 percent of all farms, but 66 percent of all sales. That’s up considerably from 1 percent of all farms and 50 percent of all sales a decade ago.
However, three quarters of all U.S. farms gross only $50,000 a year and currently account for only 4 percent of product sales....
Larger farms have proportionately lower production costs because they can invest in their production infrastructure.
Smaller farms have proportionately higher costs. For example they may have only one small truck to deliver product and hence have to make multiple trips increasing delivery costs.
Small dairy farms are at a big disadvantage regarding pick-up and delivery of milk.
What’s the difference between large corporate farms and Soviet Collective Farms?
First taxpayer installment (among many?) to pay for Trump’s trade war. Will he also bail out the consumers who paid higher prices due to the tariffs? The food processors who had to pay more for their ingredients?
That money could go to Persia!!
The article on this subject at Reuters said the payments were capped at $125,000.00
We have driven a ton in the bread basket of America.. garms with croporate signs for as far as the eye can see. Lets put it this way.. if your tractor has better A/C than my car... i feel your pain.
Poor guys. We looked at purchasing a small tractor.. um more expensive than both our vehicles.
Try it yourself.. just get a price for a basic tractor. Ma and pa arent buying them.
Yeah, sorta like school administrators who punish the kids that fight back when they're being pushed around.
Or maybe there's a 'small engine fubar bailout' deal I've not heard of :-\
Pie on them. Depending on just 1 market for your income
Wow, I should have been a farmer. I wouldn’t have been very successful, but apparently that is what taxpayers are for.
What % of farm land area do those 4% of all farms occupy?
I’m for it.
Meghan McCain is against it.
Choose a side.
These damn farmers better stay bought.
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