Thread: Trump plans emergency aid to farmers affected by his tariffs

Originally Posted by JohnDoe2

Critics of these subsidies say that not only do these programs distort the market, but they tend to benefit big agribusinesses at the expense of family farms.

Exactly!

Originally Posted by Judy

No they aren't, not the ones Trump is implementing to gain leverage in his trade negotiations, they're short term.

We've had dairy subsidies for-ever. They pay farmers to not grow crops. All of this is taxpayer money to prop up the price of selected products. The market place is no longer the governor of a fair price. I can understand the philosophy, but it has become a habit.

Originally Posted by jtdc

We've had dairy subsidies for-ever. They pay farmers to not grow crops. All of this is taxpayer money to prop up the price of selected products. The market place is no longer the governor of a fair price. I can understand the philosophy, but it has become a habit.

Oh those are different programs put in place by other people. For the most part, I oppose most of those, I like the soil conservation one, though, where you are paid some money, not the same as growing, but some, to let your land lay fallow for awhile, that's good for the soil. These programs Trump is planning to implement are temporary short-term programs. Obviously if they go on too long, we should raise hell about it, but the plan and set-up is definitely a short term thing tied to the specific event, in this case the retaliatory tariffs, which give him the leverage he needs to renegotiate these bad trade deals.

Everyone should try to remember, this isn't about the price of lettuce, it's about producing more automobiles and other such products in the United States versus importing them from overseas. It's about our manufactured durable goods, not our food, we just don't want to damage our food supply in the negotiation process, and this will help protect that sector while we try to fix the other sector.

Where is the money going to come from?

And who gets the money?

Originally Posted by Judy

These are long-standing programs that we've used from time to time for decades. They're mostly government purchasing programs of the products during these trade tiffs when certain farmers are targeted in retaliatory tariffs until the issues are resolved. Activating these gives our officials leverage in the trade negotiations. A good thing!! Most Americans want these bad trade deals fixed so we need to support the plans and actions needed to achieve it. Or so it seems to me.

Originally Posted by Judy

Oh those are different programs put in place by other people. For the most part, I oppose most of those, I like the soil conservation one, though, where you are paid some money, not the same as growing, but some, to let your land lay fallow for awhile, that's good for the soil. These programs Trump is planning to implement are temporary short-term programs. Obviously if they go on too long, we should raise hell about it, but the plan and set-up is definitely a short term thing tied to the specific event, in this case the retaliatory tariffs, which give him the leverage he needs to renegotiate these bad trade deals.

Everyone should try to remember, this isn't about the price of lettuce, it's about producing more automobiles and other such products in the United States versus importing them from overseas. It's about our manufactured durable goods, not our food, we just don't want to damage our food supply in the negotiation process, and this will help protect that sector while we try to fix the other sector.

Confusing---first it is a good thing---then you oppose

first it is a long standing program we have used for a long time, then it is different program put in place by other people

Originally Posted by JohnDoe2

Where is the money going to come from?

And who gets the money?

They probably already have it in these programs for these type of emergencies. I don't know if they'll need more or not, probably not. Who gets the money depends on the program. The commodity program goes to the seller like I said, if the commodity corporation is buying cheese, they pay Kraft and the cheese companies, if it is pork they pay Armour and OscarMeyer and Smithfield and Hillsboro Farms, etc. Depends on what they're buying. On the grains programs, they buy that from the grain companies like Cargill, Kelloggs, etc., etc., etc. That enables them to keep up their purchases from the farmers which stabilizes the prices.

Originally Posted by stoptheinvaders

Confusing---first it is a good thing---then you oppose

first it is a long standing program we have used for a long time, then it is different program put in place by other people

If you're interested in our agricultural programs, please help yourself to the USDA website. A lot of information there to help you unwind your confusion.

"The aid will be facilitated by the Commodity Credit Corp, an agency set up during the Great Depression, and will not require congressional approval.

The aid will come from a mix of programs overseen by the USDA, including direct payments to producers of some goods, including soybeans, as well as distribution assistance for producers of goods that can be easily provided to food banks, such as fruits, nuts, rice, legumes, and some meats.

A third program, looking to build international markets, is open to producers of all commodities."
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Trade war bailout: Trump administration plans to offer $12 billion in emergency aid for farmers hurt by tariffs

• The Trump administration plans to offer up to $12 billion in aid to farmers hit by tariffs on their goods, an emergency bailout intended to ease the pain caused by Trump's escalating trade war in key electoral states, Secretary of Agriculture Sonny Perdue told reporters Tuesday.
• The announcement came Tuesday afternoon, hours after the president proclaimed on Twitter that "Tariffs are the greatest!"
• President Donald Trump has hit America's major trading partners with tariffs on billions of dollars worth of goods. Retaliatory tariffs on goods like soybeans, pork, and beef have hit farmers' bottom lines.

Tucker Higgins | Kayla Tausche
Published 12 Hours Ago Updated 8 Hours AgoCNBC.com

White House readies $12 billion in farmer aid 11 Hours Ago | 01:16


The Trump administration plans to offer up to $12 billion in aid to farmers hit by tariffs on their goods, an emergency bailout intended to ease the pain caused by Trump's escalating trade war in key electoral states, Secretary of Agriculture Sonny Perdue told reporters Tuesday.

"President Trump has promised since day one that he had the back of every farmer and rancher," Perdue said. He said the assistance was a short-term solution, but that it would offer "Trump and his administration time to work on long-term trade deals."

The announcement came Tuesday afternoon, hours after the president proclaimed on Twitter that "Tariffs are the greatest!" The aid will be facilitated by the Commodity Credit Corp, an agency set up during the Great Depression, and will not require congressional approval.

Read more: Trump's tariffs take a toll on farmers in Pennsylvania ahead of midterms

The aid will come from a mix of programs overseen by the USDA, including direct payments to producers of some goods, including soybeans, as well as distribution assistance for producers of goods that can be easily provided to food banks, such as fruits, nuts, rice, legumes, and some meats.

A third program, looking to build international markets, is open to producers of all commodities.

Shares of Deere & Company, the Illinois-based tractor maker that owns the brand John Deere, were up more than 3 percent after news of the bailout plan was reported earlier Tuesday.

President Donald Trump has hit several of America's major trading partners with tariffs on billions of dollars' worth of goods, and has shown few signs of slowing. Earlier this month, 25 percent tariffs on $34 billion of Chinese imports of machinery and electronics went into effect, prompting Beijing to respond with dollar-for-dollar tariffs on American exports of soybeans and other goods.

Trump has threatened to impose broader tariffs on as much as $500 billion of Chinese goods, which has alarmed economists as well as farming groups. The administration released a list of $200 billion in Chinese goods that would receive a 10 percent tariff on July 10.

Casey Guernsey, whose family has been farming in Missouri since the 1840s, said the Trump administration's plan was not sustainable.

Guernsey, a spokesperson for Americans for Farmers and Families, told CNBC Tuesday that the plan could heighten uncertainty in what's already a down market.

“
"You only have so many calves that are born every year, and there’s only one time to harvest a crop, so you really have to make the best decision you can on any given day for the upcoming year," Guernsey said. "We don’t want to pin our hopes on a check from the government every month."

A group representing soybean farmers also came out against the administration's plan, and pushed for the elimination of tariffs.

"While soybean growers appreciate the Administration’s recognition that tariffs have caused reduced exports and lower prices, the announced plan provides only short-term assistance," the American Soybean Association said in a statement. "ASA continues to call for a longer-term strategy to alleviate mounting soybean surpluses and continued low prices, including a plan to remove the harmful tariffs."

Soybean farmer: We may not survive trade tensions with China 10:01 AM ET Fri, 20 July 2018 | 01:46


Retaliatory tariffs on goods like soybeans, pork, and beef have hit farmers' bottom lines in key electoral states like Pennsylvania, Wisconsin, North Carolina, Ohio and Iowa.

Trump praised his administration's tariff policy on Tuesday in an early morning post on Twitter.

"Tariffs are the greatest!" he wrote. "Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs."

Donald J. Trump

✔@realDonaldTrump


Tariffs are the greatest! Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. It’s as simple as that - and everybody’s talking! Remember, we are the “piggy bank” that’s being robbed. All will be Great!

4:29 AM - Jul 24, 2018

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The post met with some pushback from lawmakers, including Sen. Pat Toomey, R-Pa., a member of the Senate's banking and finance committees.

"Tariffs are not great," Toomey told CNBC Tuesday. "They are taxes, paid by Americans, that harm consumers, workers, and companies."

https://www.cnbc.com/2018/07/24/trum...fs-report.html

Originally Posted by Judy

These are long-standing programs that we've used from time to time for decades. They're mostly government purchasing programs of the products during these trade tiffs when certain farmers are targeted in retaliatory tariffs until the issues are resolved. Activating these gives our officials leverage in the trade negotiations. A good thing!! Most Americans want these bad trade deals fixed so we need to support the plans and actions needed to achieve it. Or so it seems to me.

Originally Posted by Judy

If you're interest in our agricultural programs, please help yourself to the USDA website. A lot of information there to help you unwind your confusion.

I'm not the one twisting myself into a pretzel, first saying it is a good thing, then opposing.

Oh, you really are confused! So let me clear it up for you:

I TOTALLY SUPPORT ACTIVATION BY TRUMP OF THE SHORT-TERM PROGRAMS DESCRIBED IN MY ARTICLE TO ASSIST FARMERS AND AGRI-BUSINESS DURING TRADE NEGOTIATIONS.