Discover and read the best of Twitter Threads about #FarmBailoutScam
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#FarmBailoutScam
In 2019, record rainfall turned fields to sludge and made it impossible to plant corn and soybeans until long after the typical window had passed. Trump’s long-running trade war cut off farmers’ access to China’s enormous market. washingtonpost.com/business/2019/…
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In 2019, record rainfall turned fields to sludge and made it impossible to plant corn and soybeans until long after the typical window had passed. Trump’s long-running trade war cut off farmers’ access to China’s enormous market. washingtonpost.com/business/2019/…
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Yet the Ag Dept now estimates 2019 was farmers’ most profitable in five years. WTF?
Why? The farm bailout.
Without government assistance, U.S. farm income would have fallen about $5B from its already-low 2018 level. So the $14.5 billion in bailout funding announced so far
Why? The farm bailout.
Without government assistance, U.S. farm income would have fallen about $5B from its already-low 2018 level. So the $14.5 billion in bailout funding announced so far
represents a substantial reversal of fortune. About 3/4 of the funding already has been distributed.
Most farmers benefited from the bailout, Belasco said, but because bailout money is distributed based on acreage and not farmer’s need
We need to stop giving them money now!
Most farmers benefited from the bailout, Belasco said, but because bailout money is distributed based on acreage and not farmer’s need
We need to stop giving them money now!
