Trump funnels record subsidies to farmers

EvilEyeFleegle

Dogpatch USA
Gold Supporting Member
Nov 2, 2017
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Twin Falls Idaho
I'm sure that the upcoming election has no bearing on this...right?


For the American farmers President Trump counts on for support, the government money is flowing faster than ever.
Federal payments to farmers are projected to hit a record $46 billion this year as the White House funnels money to Mr. Trump’s rural base in the South and Midwest ahead of Election Day.
The gush of funds has accelerated in recent weeks as the president looks to help his core supporters who have been hit hard by the double whammy of his combative trade practices and the coronavirus pandemic. According to the American Farm Bureau, debt in the farm sector is projected to increase by 4 percent to a record $434 billion this year and farm bankruptcies have continued to rise across the country.
Farmers are not the only constituency benefiting from the president’s largess: He has promised $200 prescription drug cards to millions of seniors, approved $13 billion in aid to Puerto Rico, which could help his prospects in Florida, and he directed his Agriculture Department include letters signed by him in millions of food aid boxes that are being distributed to the poor.

“There are both economic and political motivations for these payments,” said Patrick Westhoff, who directs University of Missouri’s agriculture research center.

Last week, the Office of Special Counsel determined that Mr. Trump’s Agriculture secretary, Sonny Perdue, had improperly used his position to push the president’s re-election by promising more help for farmers. At an August event in North Carolina, Mr. Perdue violated ethics laws when he promoted Mr. Trump’s re-election during remarks about the Farmers to Families Food Box Program, saying: “That’s what’s going to continue to happen — four more years — if America gets out and votes for this man, Donald J. Trump.”
 
I'm sure that the upcoming election has no bearing on this...right?


For the American farmers President Trump counts on for support, the government money is flowing faster than ever.
Federal payments to farmers are projected to hit a record $46 billion this year as the White House funnels money to Mr. Trump’s rural base in the South and Midwest ahead of Election Day.
The gush of funds has accelerated in recent weeks as the president looks to help his core supporters who have been hit hard by the double whammy of his combative trade practices and the coronavirus pandemic. According to the American Farm Bureau, debt in the farm sector is projected to increase by 4 percent to a record $434 billion this year and farm bankruptcies have continued to rise across the country.
Farmers are not the only constituency benefiting from the president’s largess: He has promised $200 prescription drug cards to millions of seniors, approved $13 billion in aid to Puerto Rico, which could help his prospects in Florida, and he directed his Agriculture Department include letters signed by him in millions of food aid boxes that are being distributed to the poor.

“There are both economic and political motivations for these payments,” said Patrick Westhoff, who directs University of Missouri’s agriculture research center.

Last week, the Office of Special Counsel determined that Mr. Trump’s Agriculture secretary, Sonny Perdue, had improperly used his position to push the president’s re-election by promising more help for farmers. At an August event in North Carolina, Mr. Perdue violated ethics laws when he promoted Mr. Trump’s re-election during remarks about the Farmers to Families Food Box Program, saying: “That’s what’s going to continue to happen — four more years — if America gets out and votes for this man, Donald J. Trump.”

Good. I like to eat as do you. Farmers produce food. Good for Trump.
 
Tough times Missouri Farmer Committed Suicide 3 weeks ago.
Edwin Gentry (Bud) Leake

Bud served his country honorably in the U.S. army from March of 1962 to March of 1964 obtaining the rank of private first class. He was a lifetime Center, Missouri resident, member of Salem Baptist Church and was a farmer. He was a member of the NRA, Lions Club and the American Legion. He was a proud conservative and proud of our president. He enjoyed horses and especially trail riding, hunting, fishing, listening to country and gospel music, farming, and most of all spending time with his grandchildren.
 
I'm sure that the upcoming election has no bearing on this...right?


For the American farmers President Trump counts on for support, the government money is flowing faster than ever.
Federal payments to farmers are projected to hit a record $46 billion this year as the White House funnels money to Mr. Trump’s rural base in the South and Midwest ahead of Election Day.
The gush of funds has accelerated in recent weeks as the president looks to help his core supporters who have been hit hard by the double whammy of his combative trade practices and the coronavirus pandemic. According to the American Farm Bureau, debt in the farm sector is projected to increase by 4 percent to a record $434 billion this year and farm bankruptcies have continued to rise across the country.
Farmers are not the only constituency benefiting from the president’s largess: He has promised $200 prescription drug cards to millions of seniors, approved $13 billion in aid to Puerto Rico, which could help his prospects in Florida, and he directed his Agriculture Department include letters signed by him in millions of food aid boxes that are being distributed to the poor.

“There are both economic and political motivations for these payments,” said Patrick Westhoff, who directs University of Missouri’s agriculture research center.

Last week, the Office of Special Counsel determined that Mr. Trump’s Agriculture secretary, Sonny Perdue, had improperly used his position to push the president’s re-election by promising more help for farmers. At an August event in North Carolina, Mr. Perdue violated ethics laws when he promoted Mr. Trump’s re-election during remarks about the Farmers to Families Food Box Program, saying: “That’s what’s going to continue to happen — four more years — if America gets out and votes for this man, Donald J. Trump.”

Good. I like to eat as do you. Farmers produce food. Good for Trump.

Yay socialism.
 
Trump tapping into his supporters enthusiasm for socialism.
You don't know the difference between socialism and Keynesian Economics
Trump is not running a Keynesian Economy. He is a crony capitalist stealing money & bailing out his favorite Zombie companies.

The US economy is 70% consumer based & only 11% manufacturing. So best way to stimulate is to put more money into the hands of consumers during recessions & lower deficits during boom times.

Republican economics caused 10 JOB KILLING RECESSIONS in the last 63 years!!!
Democrats only had recession 1 in 71 years!!!
Every Republicant president in History caused JOB KILLING RECESSIONS!!!!!!
 
I'm sure that the upcoming election has no bearing on this...right?


For the American farmers President Trump counts on for support, the government money is flowing faster than ever.
Federal payments to farmers are projected to hit a record $46 billion this year as the White House funnels money to Mr. Trump’s rural base in the South and Midwest ahead of Election Day.
The gush of funds has accelerated in recent weeks as the president looks to help his core supporters who have been hit hard by the double whammy of his combative trade practices and the coronavirus pandemic. According to the American Farm Bureau, debt in the farm sector is projected to increase by 4 percent to a record $434 billion this year and farm bankruptcies have continued to rise across the country.
Farmers are not the only constituency benefiting from the president’s largess: He has promised $200 prescription drug cards to millions of seniors, approved $13 billion in aid to Puerto Rico, which could help his prospects in Florida, and he directed his Agriculture Department include letters signed by him in millions of food aid boxes that are being distributed to the poor.

“There are both economic and political motivations for these payments,” said Patrick Westhoff, who directs University of Missouri’s agriculture research center.

Last week, the Office of Special Counsel determined that Mr. Trump’s Agriculture secretary, Sonny Perdue, had improperly used his position to push the president’s re-election by promising more help for farmers. At an August event in North Carolina, Mr. Perdue violated ethics laws when he promoted Mr. Trump’s re-election during remarks about the Farmers to Families Food Box Program, saying: “That’s what’s going to continue to happen — four more years — if America gets out and votes for this man, Donald J. Trump.”
My farmer friends I drink beer with love Our President.
 
Trump tapping into his supporters enthusiasm for socialism.
You don't know the difference between socialism and Keynesian Economics
Trump is not running a Keynesian Economy. He is a crony capitalist stealing money & bailing out his favorite Zombie companies.

The US economy is 70% consumer based & only 11% manufacturing. So best way to stimulate is to put more money into the hands of consumers during recessions & lower deficits during boom times.

Republican economics caused 10 JOB KILLING RECESSIONS in the last 63 years!!!
Democrats only had recession 1 in 71 years!!!
Every Republicant president in History caused JOB KILLING RECESSIONS!!!!!!
Trump is not running a Keynesian Economy. He is a crony capitalist stealing money & bailing out his favorite Zombie companies.

Bailouts for cronies are an integral part of Keynesian economics....He's running a Keynesian economy by default of inheriting it, from over a century of failed Keynesian economic voodoo.
 
Since when did farm subsidies become a bad thing?

Finally, someone asked the right question. Here we go.

Who are the real beneficiaries of the Subsidies? Easy answer. Those that own the land. Almost half of the land that farmers use is rented. Rather than the money going to the Farmer that is farming the land, it goes directly to the land owner. And who actually owns the land? Corporations that have nothing really to do with farming. They just own the land. Those owners are part of Corporations. They may be lawyers out of NYC, or Wall Street Investors, Doctors anywhere in the US. The Average Corporate Farm will get 1.7 million in subsidies and it goes directly to these people.

If a Farmer owns his own land (97% today), he may get some of the subsidy. But most of these people are still waiting or those funds have been drastically delayed to the point where they are of little help. They don't t have the high powered Legal Representation to hasten things along. But that isn't 97% of the Farm land. The 3% that is listed as doing over 1 million annual business is Corporate owned produces almost ALL of the subsidized farm output. What that means is, the 3% gets almost all of the subsidies and that is divided up between the owners whom most are not even connected in any way to the actual farming.
How Farm Subsidies Affect You
Who Really Benefits from Agricultural Subsidies? Evidence from Field-level Data

What that means is, the bulk of the money is being handled exactly like most of the farm subsidies from the past. Most of it makes it into the hands of the wealthy and almost none of it makes it into the hard working "Farmers".

The majority of the Bankuptzies for farmers are Chapter 7 which means total Foreclosure and an auction of assets. And who buys those assets? The Corporate Farms along with the land. Even with the creation of the Chapter 12 (similar to a Chapter 11) the number of Chapter 7 filings have been the most prevalent. Each year, the "Family Farms" get fewer and fewer by either agreeing to sell out to the Corporations or by being lost to Chapter 7. Since the majority of the Subsity money is going to the Corporate Farms, that has left 97% of the actual farms with little or no subsidy. And it's left them non competitive.

What is needed is a complete overhaul of how we grant subsidies to farms and farmers. But the Corporate Farms have the big lobbiests and continue to get the laws written to their advantage.
 
Since when did farm subsidies become a bad thing?

Finally, someone asked the right question.

It's not a genuine question. Oddball is mocking you.

Well, it did open the door and that was all I needed. And you should note that I did a non partisan piece on it. I covered ALL Farm Subsidies including the Trump Plan. It's one of the biggest "The Rich Get Rich" scams that has ever come down the pike. When you rely on the same corrupt people to dole out the cash then you get the same corrupt outcome. And since this isn't connected to any one Administration or Congress, I can't pin on either one side or the other. I can say that both sides have their snouts in the feeding trough.
 
Since when did farm subsidies become a bad thing?

Finally, someone asked the right question.

It's not a genuine question. Oddball is mocking you.

Well, it did open the door and that was all I needed.

But did you even get the point? Your complaints are totally valid. But they are essentially all the things that conservatives and libertarians warn about when these kinds of subsidies are proposed in the first place.
 

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