After wrecking soy farmers' international markets, Trump plans to give soy farmers billions in taxpayer funded government handouts

Cypress said:
I wonder if American soybean farmers will ever get their Chinese markets back. The Chinese seem to be capable of getting their soybeans from other international sources.
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Well right now it looks like Trumps tariffs are hurting them bad and as you say they may never get that market back, I would be happy just to see them get some of it back.
 
Cypress said:
It's hard for people to admit they made a mistake voting.

In public, most Trump-voting soy farmers will claim they are still hoping that Trump will eventually negotiate a great trade deal.
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I am hoping that some of them just chose not to vote... Then again, he might be so generous with our money they might feel obliged to vote to keep getting it.
 
Walt said:
I am hoping that some of them just chose not to vote... Then again, he might be so generous with our money they might feel obliged to vote to keep getting it.
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The weird thing is that farmers are nearly always risk-averse. I have dealt with many farmers, and they don't like taking chances or trying out unproven strategies.

The fact that, at least in public, they were willing to go along with Trump's unprecedented and risky global trade war means to me their support for Trump isn't based on policy. It's based on cultural values, grievances, cultural beliefs.
 
Cypress said:

Trump making plans to send billions in cash bailouts to farmers with taxpayer money​

The Trump administration is planning to roll out the first tranche of bailout payments for farmers in the coming weeks using likely billions of dollars in funding from an internal USDA account, according to three people with direct knowledge of the matter.

But it won’t be enough: USDA’s Commodity Credit Corporation fund — which President Donald Trump previously tapped to provide $28 billion in farm aid during his first-term trade war with China — has just $4 billion left in the account. Trump officials, including those at the Treasury Department, are looking at how to tap tariff receipts or other funding to supplement the payments without triggering a messy fight in Congress.

The timing of the actual aid rollout is also tricky given that it’s unlikely to happen or even be possible during the ongoing government shutdown that’s shuttered vast swaths of the Agriculture Department.

Trump officials are still working on estimates of how big the first tranche of aid will be, according to the three people, who were granted anonymity to share private details. But the president has been posting his promises to aid American soybean farmers on social media in recent days.

Hill Republicans have been pushing Agriculture Secretary Brooke Rollins and other Trump officials for weeks to do something to aid farmers reeling from high input costs and the president’s tariffs, which have cut off American soybean farmers’ key markets in China as Beijing retaliates.

Trump has said he would use tariff revenue to provide cash bailouts to farmers, but Congress would likely need to vote to authorize such a move, triggering a major fight between Republicans and Democrats amid already dire government spending conversations.

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ERR, the monies that would go to farmers would come out of the abundant pile of cash we have accumulated due to the tariffs.
A hell of a lot better than letting Bill Gates and the Chinese scoop up more than he already has.
 
Cypress said:
The weird thing is that farmers are nearly always risk-averse. I have dealt with many farmers, and they don't like taking chances or trying out unproven strategies.

The fact that, at least in public, they were willing to go along with Trump's unprecedented and risky global trade war means to me their support for Trump isn't based on policy. It's based on cultural values, grievances, cultural beliefs.
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The farmers are angry. They have been a quickly diminishing part of the economy for 150 or so years. It has been tough on them, but good for the rest of us.
 
Lionfish said:
ERR, the monies that would go to farmers would come out of the abundant pile of cash we have accumulated due to the tariffs.
A hell of a lot better than letting Bill Gates and the Chinese scoop up more than he already has.
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We have record high non-emergency deficits for a reason, and it is not that we have accumulated too much tax money. There are no "abundant piles of cash", but exceptionally high borrowing.
 
Cypress said:

Trump making plans to send billions in cash bailouts to farmers with taxpayer money​

The Trump administration is planning to roll out the first tranche of bailout payments for farmers in the coming weeks using likely billions of dollars in funding from an internal USDA account, according to three people with direct knowledge of the matter.

But it won’t be enough: USDA’s Commodity Credit Corporation fund — which President Donald Trump previously tapped to provide $28 billion in farm aid during his first-term trade war with China — has just $4 billion left in the account. Trump officials, including those at the Treasury Department, are looking at how to tap tariff receipts or other funding to supplement the payments without triggering a messy fight in Congress.

The timing of the actual aid rollout is also tricky given that it’s unlikely to happen or even be possible during the ongoing government shutdown that’s shuttered vast swaths of the Agriculture Department.

Trump officials are still working on estimates of how big the first tranche of aid will be, according to the three people, who were granted anonymity to share private details. But the president has been posting his promises to aid American soybean farmers on social media in recent days.

Hill Republicans have been pushing Agriculture Secretary Brooke Rollins and other Trump officials for weeks to do something to aid farmers reeling from high input costs and the president’s tariffs, which have cut off American soybean farmers’ key markets in China as Beijing retaliates.

Trump has said he would use tariff revenue to provide cash bailouts to farmers, but Congress would likely need to vote to authorize such a move, triggering a major fight between Republicans and Democrats amid already dire government spending conversations.

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He did the same thing his first time around
 
Poor Richard Saunders said:
How does it make sense?
Trump is planning on using the tariff money to bail out farmers.
Trump has said he will return the tariff money if courts rule that the tariffs are illegal.
Will Trump take the money back from farmers if the tariff money is to be returned to businesses that paid the tariffs?
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You’re trying to talk with a MAGAT. They have no reasoning skills
 
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