Farmers Get Help

Yesterday Our Beloved Supreme Leader had a presser to announce his aid to the American farmer that may have trouble with the tariffs……and they all bow down……

With more than a dozen farmers at his side, President Trump announced a $16 billion aid package to compensate farmers for their losses in the trade war with China. “This support for farmers will be paid for by the billions of dollars the Treasury takes in” from China, he said. That’s not the way it works, the Washington Post points out: China does not pay the tariffs; importers do. Some importers then pass the cost on to American consumers. The administration had announced $12 billion in emergency measures in July. The relief announced Thursday will be distributed to farmers in three installments, with the first payment in July or August, the others in November and January 2020, if the tariffs are still in place.

Randy Spronk, a hog farmer and past president of the National Pork Producers Council who attended the White House meeting, said farmers realize the aid will not make up for their losses in a trade war. “But it makes enough of a difference to keep a lot of farmers so they can survive,” Spronk said, per the Post. The aid for farmers will ultimately come from taxpayers, said one expert, ABC reports. “Do the Chinese pay some of the tariff? Yes, probably in specific cases,” he said. “Do they pay most of it? No, the consumer pays most of it ultimately.” The American Farm Bureau and the National Farmers Union said that they appreciate the help, but that farmers would prefer to have a long-term trade deal with China.

This money was offered last Summer….and I agree with whoever said…”if tariffs hurt farmers then welfare is not the answer”……as always…I have written about the announcement a year ago……https://lobotero.com/2018/09/21/closing-thought-21sep18/

God knows our farmers need the help….but not everyone sees this politicial ploy as the answer to that problem……

President Donald Trump’s snap decision to send billions of dollars in new aid to farmers could be bad for the farm economy and the federal budget.

Many farmers are still deciding what to plant this spring and could be swayed toward crops that receive higher payouts from the aid package, such as soybeans. That would add to already record supplies and further depress prices that have been falling for five year

But the Trump administration’s decision to roll out the program now is drawing critics.

Sen. Chuck Grassley, an Iowa Republican, told reporters Wednesday that the White House should have been more cautious about the timing of the announcement because farmers are still planting.

“[W]e want farmers to make decisions on how many acres of corn and soybeans to plant based on the market and not something the government’s doing,” he said.

“The timing couldn’t have been worse,” said Jonathan Coppess, an agricultural policy professor at the University of Illinois, and a former head of the USDA Farm Service Agency during the Obama administration.

https://www.politico.com/story/2019/05/23/trump-farmer-bailout-trade-usda-1459840

Our farmers do not want the ‘welfare’ they prefer to earn their money….keep one thing in mind….agri-business also will get this ‘welfare’ and that who it is truly protecting.

Where are the deficit hawks?  They have plenty to say when food stamps are on the agenda….where are they now?

11 thoughts on “Farmers Get Help

  1. What can I say?
    World is getting madder by the day.
    “Today’s public figures can no longer write their own speeches or books, and there is some evidence that they can’t read them either. ”
    Gore Vidal
    Trust you are well chuq. 🙂

  2. “China does not pay the tariffs; importers do. ”

    Appreciate the clarification. Changes my perspective a lot. Like shooting yourself in the foot to get even with the other guy. But does it still hurt China because they would be selling less if buying less because of tariffs ?

      1. Yes, I’m reading lot of infrastructure contracts by China with African nations with accompanying extortion from China and debt to China. Developing nations become clients in development as part of Chinese colonialism.

      2. China is replacing American internationally and Russia is a close second….we are losing influence daily….chuq

    1. It is hard to tell what the goal of the administration is. Part of the problem is the fight with China over their theft ic intellectual/technology from us.
      And reducing some of their imports of other products so that us firms will start making those products again.

      The tariff money no matter who pays it stays in the YD and can recirculated yo people that need it.
      Who knows where and this will lead.

  3. Randy Spronk sound like a made-up name. 🙂
    Does he really not understand tariffs, or is he still trying to fool ‘all of the people, all of the time’?
    There must be someone in his entourage who can tell him how it works. Or maybe not…
    Best wishes, Pete.

  4. So Trump is taking money from the importers – and giving it to the farmers. Good thing he doesn’t believe in socialism. Because that is actually the definition of socialism.

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