The president again falsely claimed the farm bailout cost is being borne "compliments of the Chinese tariffs."
President Donald Trump on Sunday hailed the new round of billions of dollars in taxpayer subsidies to help struggling farmers survive his trade war with China. But his praise follows a troubling report that the trade aid — a total over two years of $28 billion — is being disproportionately doled out to farmers in Trump-supporting Southern states, and being paid to the largest, wealthiest farms and foreign corporations.
Our great Farmers will recieve another major round of “cash,” compliments of China Tariffs, prior to Thanksgiving. The smaller farms and farmers will be big beneficiaries. In the meantime, and as you may have noticed, China is starting to buy big again. Japan deal DONE. Enjoy!The aid is not being paid “compliments of China tariffs,” as Trump tweeted, but by the Market Facilitation Program funded by U.S. taxpayers.
Per FGIS #China has now purchased nearly 50 million bushels of #soybeans the last two weeks, YTD at 90.5 mbu. For context, it's still 76% below pre #TradeWar levels @FarmBureau pic.twitter.com/REzq23ohqdAlso, smaller farmers will unlikely be the “big beneficiaries” of the aid, as Trump tweeted, because aid is flowing to the largest and most successful farmers rather than aiding struggling operations, according to a study in August by the Environmental Working Group.
Figures show that 95% of top payment rates are going to farmers in the South, even though they have been less affected by the trade war with China, and that significant payments have been made to wealthy farmers and foreign corporations, the report noted.
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