Record agricultural subsidies will account for 40 percent of U.S. farm income this year
The federal government will send a record $46 billion to farmers this year, mostly in the South and Midwest, and the payments have "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," The New York Times reports. "The breadth of the payments means that government support will account for about 40 percent of total farm income this year. If not for those subsidies, U.S. farm income would be poised to decline in 2020."
Even with the gush of cash from the White House, farmers are experiencing a rise in bankruptcies and declining sales, and bipartisan critics in Congress "have argued that small farmers have missed out on the bulk of the bailout, while large and some foreign-owned farms have benefited," the Times reports. The U.S. Department of Agriculture used an accounting trick to funnel some of the money to tobacco farms in North Carolina, savaged by China's retaliatory move to stop buying U.S. tobacco in 2018. Corn, soybeans, lobsters, and peanuts have also been pummeled by Trump's trade wars with China and Europe.
The Government Accountability Office found last month that $14.5 billion of farm aid in 2019 had been handed out with politics in mind, and the Office of Special Counsel determined last week that Agriculture Secretary Sonny Purdue improperly boosted President Trump's re-election while touting the Farmers to Families Food Box Program in August during an official event in North Carolina.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"That's what's going to continue to happen — four more years — if America gets out and votes for this man, Donald J. Trump," Purdue told attendees. The USDA was ordered to reimburse taxpayers for Purdue's expenses attending the event, but the department is pushing back, insisting that Purdue did not "encourage attendees to vote for a candidate or party or advocate for a partisan political group."
"Farmers are not the only constituency benefiting from the president's largess," the Times notes. "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." Read more at The New York Times.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published