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US details up to $14B in new aid for farmers

US details up to $14B in new aid for farmers

The U.S. Agriculture Department released details of a second round of COVID-19 aid for farmers, which will pay up to $14B to growers of major crops. President Trump announced the assistance on Thursday at a campaign rally in Wisconsin. The aid follows a $19B relief program announced in April to help US farmers cope with disruptions to the food supply chain and plummeting demand.

Chris
Chris
Forsaken
Forsaken 1 months

how are farmers negatively affected by corona virus? last I checked everyone is still eating. money for votes?

porcus
porcus 0 months

Farmers are affected because: [A] A LOT of crops have industrial applications, including soybeans and corn. The trade wars with China greatly affected US farmers (30+% of US soybeans used to be sold to China I think) previously, and then the lockdowns disrupted industries and manufacturing, reducing that demand even further. If people are not working then things are not getting made, which means supplies are not being bought. Which means the crops were not selling for much, if at all. [B] Farmers also raise perishable commodities like milk, pork, beef, etc. If there is insufficient demand for milk then farmers can either let the herd dry up (cease producing milk, with a ~1 year time cycle to get the herd back to prodycing milk) or spill the harvested milk on the ground (and keep the herd producing milk). Either way they still have high expenses in feeding and raising the animals but cannot bring in income because nobody is buying. Ditto for pigs; farmers practice JIT farming with swine raising, moving the herd into a different pen for that age group on a specific timetable. As the hogs mature they are shipped out to be butchered. Except the meat-packing/butcher shops were all closed down, so what could the farmers do? The result is that a LOT of farmers have lost tremendous amount of money, savings, etc. Many of them are either on the brink of bankruptcy or already there.

Sean Cox
Sean Cox 1 months

I have never met a poor farmer. Farmers are very smart, look how well they live. They make every penny count!!!

Forsaken
Forsaken 1 months

money for votes

JMXXR
JMXXR 1 months

Farmers are the top recepients of government welfare.

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