Tuesday, November 26, 2019

Trump trade war farm bailout keeps favoring the fat cats

As is noted later in this article, substantial sums are even finding their way to city slickers who wouldn't know how to plant a petunia.
EWG today released new USDA data, obtained under the Freedom of Information Act, that show that the biggest, richest farmers continue to get the most MFP money.
Updated information in EWG’s Farm Subsidy Database show that from Aug. 19 to Oct. 31, MFP payments were about $6 billion, bringing the total for 2018 and 2019 to $14.5 billion. Of the payments since August, the top 10 percent of recipients – the largest, most profitable industrial-scale farms in the country – got half.
Three of these farming fat cats got more than $1 million each. Forty-five got more than $500,000 each, and 514 got more than $250,000, which under the program’s rules is supposed to be the limit any single recipient can get.
The richest of the rich, the top 1 percent of recipients, received 13 percent of payments. That’s an average payment of more than $177,000. But the bottom 80 percent of recipients, including small farmers, got an average payment of $5,136. - Environmental Working Group
This article, from Mother Jones, gets into Democratic presidential candidates' positions on food and farms.

1 comment:

  1. Did you hear last week when President Trump respond to the question of resolving the China trade war, that China wants "to make a deal much more than I do" as he is not ready to make a deal.
    What's he waiting for ?
    Maybe a favorable response from his October 7 2019 request that “China should start an investigation into the Bidens" ?

    You know ... is always about somebody doing him a favor

    ReplyDelete