Farm Progress published an article on the Trump administration farmers’ subsidies. President Donald Trump has consistently said he’ll stand up for farmers and won’t let other countries wrongly target U.S. agriculture, but is the retaliatory response — and the actions that set off the tariffs in the first place — causing more harm than good? All of the new trade assistance on top of the existing price supports should give the industry reason to pause. Senior Research Fellow Joseph Glauber stated that it likely will push U.S. agricultural support over the allowable limits at the World Trade Organization. Glauber warned that higher payouts to farmers will bring a lot of attention worldwide to U.S. farmers — attention the U.S. doesn’t want in WTO and that the payouts could tarnish the U.S. reputation abroad. Republished in Indiana Prairie Farmer
Trump’s ag trade policy leaves some concerned (Farm Progress)
August 31, 2020