US to give farmers $12bn trade war bailout

"Trade wars are good and easy to win"
Costly though when you have to start compensating businesses effected by your trade war.

The aid is intended to shield the industry as countries raise taxes on US products such as soybeans in response to new Trump administration tariffs. The US plans to provide subsidies to farmers and buy unsold crops, among other measures.

Donald Trump had promised the aid after fierce criticism from farmers, an important part of his support base. The US Agriculture Department said the programme would provide emergency relief to offset an estimated $11bn in losses it expects farmers to incur as the trade disputes disrupt markets.

"This is a short-term solution that will give President Trump and his administration time to work on long-term trade deals that benefit agriculture and all sectors of the economy," US Agriculture Secretary Sonny Perdue said.
www.bbc.co.uk...

And if those long-term trade deals don't materialise ?

a reply to: gortex

So now we are going to pay more taxes on imported goods, and use taxes to subsidize domestic goods?

So essentially we are paying more taxes on goods. Woof!

Taking bets on this "bailout" being used by the giant agro-corps to buy out the remaining family-farms who are Really suffering from this

a reply to: gortex

Making America Great Again, by subsidising our big-business buddies, with money from the taxpayer's pockets!

a reply to: TXRabbit

Sounds like a pretty safe bet , put me down for 10.

originally posted by: TXRabbit
Taking bets on this "bailout" being used by the giant agro-corps to buy out the remaining family-farms who are Really suffering from this

Monsanto is in bed with pretty much everyone in our government.

originally posted by: gortex
"Trade wars are good and easy to win"
Costly though when you have to start compensating businesses effected by your trade war.

The aid is intended to shield the industry as countries raise taxes on US products such as soybeans in response to new Trump administration tariffs. The US plans to provide subsidies to farmers and buy unsold crops, among other measures.

Donald Trump had promised the aid after fierce criticism from farmers, an important part of his support base. The US Agriculture Department said the programme would provide emergency relief to offset an estimated $11bn in losses it expects farmers to incur as the trade disputes disrupt markets.

"This is a short-term solution that will give President Trump and his administration time to work on long-term trade deals that benefit agriculture and all sectors of the economy," US Agriculture Secretary Sonny Perdue said.
www.bbc.co.uk...

And if those long-term trade deals don't materialise ?

Ok. One squeaky wheel. Nothing irreparable.

Let's not maximize a single negative and minimize the positives under trump so far.

Let's see what the farming industry makes of it and their overall outlook, then draw criticism .

We all have a stake in the success of our country...
Dont mind the fools pitting x against y

originally posted by: Nothin
a reply to: gortex

Making America Great Again, by subsidising our big-business buddies, with money from the taxpayer's pockets!

Good ol' corporate welfare.... Dude, they really need it.

a reply to: odzeandennz

Ok. One squeaky wheel. Nothing irreparable.

Let's not maximize a single negative and minimize the positives under trump so far.

Lol.

a reply to: gortex

Can't say I like this. I'm no fan of bail outs regardless who's doing it.

That said, the US (Trump) needs to either surrender or get tougher.


This is a Trade War.

We're either going to win or lose.

Right now, we're losing.

originally posted by: DBCowboy
a reply to: gortex

Can't say I like this. I'm no fan of bail outs regardless who's doing it.

That said, the US (Trump) needs to either surrender or get tougher.


This is a Trade War.

We're either going to win or lose.

Right now, we're losing.

And the other countries know where to hit us back, and agriculture is one of our most competitive exports. Not a fan that we'll be paying more for imported and domestic food now... Something we have always prided ourselves in having the market cornered with.

originally posted by: CriticalStinker
a reply to: gortex

So now we are going to pay more taxes on imported goods, and use taxes to subsidize domestic goods?

So essentially we are paying more taxes on goods. Woof!

War is hell

originally posted by: EmmanuelGoldstein

originally posted by: CriticalStinker
a reply to: gortex

So now we are going to pay more taxes on imported goods, and use taxes to subsidize domestic goods?

So essentially we are paying more taxes on goods. Woof!

War is hell

Especially when you just decided to take a losing strategy. So as long as they hold out we subsidize? Meaning me and you foot the bill for the war until we find out the victor.

a reply to: gortex

The 3rd-4th generation farmers I talk to in North Dakota pretty much all say the same thing... they will take a short-term loss if someone will finally fix the problems the last three Presidents haven't done squat about.

For those who whine about a bail out, I would rather keep these families going than keep paying for sanctuary cities.

We will always need crops, after all...

a reply to: odzeandennz

This is one squeaky wheel that's squeaking early , when tarrifs and their effects kick in fully who knows how many sectors will need help as time goes on , the opening salvos in a war aren't the heaviest ones.

originally posted by: DBCowboy
a reply to: gortex

Can't say I like this. I'm no fan of bail outs regardless who's doing it.

That said, the US (Trump) needs to either surrender or get tougher.


This is a Trade War.

We're either going to win or lose.

Right now, we're losing.

That's the issue DB. We can't surrender, no one wants that, all of us proud Americans definitely don't wish to show our belly. At the same time, this is such a fiasco, no one will win, except all the countries will spend more taxpayer money.

I don't know who this will be good for in the end, but it definitely will not be the people.

a reply to: Kharron

I don't know who this will be good for in the end, but it definitely will not be the people.

a reply to: gortex

This is one squeaky wheel that's squeaking early , when tarrifs and their effects kick in fully who knows how many sectors will need help as time goes on , the opening salvos in a war aren't the heaviest ones.

As per the norm though, corporations will not take the hit, let that be known. Either they will be subsidized or they will write it off their taxes (if they pay them).

Don't worry though! Us citizens will band together to make sure those corporations don't have to be victim to adjusting to the market. (like we have to on a daily basis)

The US also plans to buy crops such as fruits and nuts, distributing them to food banks and other government nutrition programmes.

Sounds like you can't snip.

People will still be getting their free GMO food while making Jp Morgan billions.

a reply to: CriticalStinker

It will definitely get rough for us. But in the end, if they are more broke than us, I guess we won.
If it hurts us pretty bad, then we'll find an actual war and make a some of the money back.