Yahoo Finance published an article on the farmer bailout, how that failed to shore up the trade damage. According to a report from the Environmental Group, between 2018 and 2019, “the top 10% of recipients — the largest, most profitable industrial-scale farms in the country — got half.” Three of these farms received more than $1 million each. The bottom 80% of MFP recipients, which includes small farmers, received an average payment of $5,136. Senior Research Fellow, Joseph Glauber stated that “There were some farmers who, because there were payment limits and other things that limited the amount of money that could go to those farms, they felt like they weren’t adequately compensated.
Trump’s massive farmer bailout failed to make up for the ‘self-inflicted’ trade damage (Yahoo Finance)
January 19, 2021