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| That ticks me off. Thats a lot money to be throwing around just to pacify votes..You can't tell me that 12 billion in the hands of professional
investment people couldn't be used to better help farmers..****! they give that much money to a fake administration and we expect it to be
used correctly?
WASHINGTON — America’s farmers have been shut out of foreign markets, hit with retaliatory tariffs and lost lucrative contracts in the face of President Trump’s trade war. But a $12 billion bailout program Mr. Trump created to “make it up” to farmers has done little to cushion the blow, with red tape and long waiting periods resulting in few payouts so far.
According to the Department of Agriculture, just $838 million has been paid out to farmers since the first $6 billion pot of money was made available in September. Another pool of up to $6 billion is expected to become available next month. The government is unlikely to offer additional money beyond the $12 billion, according to Sonny Perdue, the agriculture secretary.
The program’s limitations are beginning to test farmers’ patience. The trade war shows no signs of easing, with China and the United States locked in a stalemate that has reduced American farmers’ access to a critical market for soybeans, farm equipment and other products. Europe is planning more retaliatory tariffs on top of those already imposed on American peanut butter and orange juice, and Canada and Mexico continue to levy taxes on American goods, including on pork and cheese.
Mr. Trump, who has had broad support in many farm states, still insists that his get-tough approach to trade will ultimately help American farmers, a position Mr. Perdue reiterated last month when he said farmers are “resilient” and can plan ahead for market conditions. | |
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Is this a fact?
