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NEWS THAT MATTERS TO YOU

‘He did it Again!’ Majority of Trump’s USDA bailout billions went to rich corporate farms, not to #MAGA farming voters.

When Trump’s Government started the trade war started last summer, China targeted immediately tariffs on producers in agricultural and manufacturing states that secured Trump’s 2016 victory, such as Iowa, Michigan, Ohio and Wisconsin. Particularly hard hit were producers of soybeans, the country’s largest farm export. Many farmers are lifelong Republicans who like other things Trump has done, such as gutting the EPA which they see as burden.  A March CNN/Des Moines Register poll of registered Republicans in Iowa found 81% approved of how Trump is handling his job, and 82% had a favorable view of the president, an increase of 5 points since December. About two-thirds said they’d definitely vote to re-elect him.

USDA Bailout for Impact of Trump’s Tariffs Goes to Biggest, Richest Farmers - EWG.COM

EWG today released updated data on payments made through the first two rounds of the Market Facilitation Program, or MFP. Through April, total MFP payments for 2018-19 were $8.4 billion. The data was obtained from the USDA through a Freedom of Information Act request and has now been added to EWG’s online Farm Subsidy Database.

Majority of Trump’s bailout billions went to rich corporate farms - US Blues

That money hasn’t gone to small or family farms, according to a new report from the Environmental Working Group. Instead, the biggest beneficiaries have been the largest and wealthiest farms in the country. Data they gathered shows:

  • The top one-tenth of recipients received 54 percent of all MFP payments.
    Eighty-two farmers have so far received more than $500,000 in MFP payments.
  • One farm, DeLine Farm Partnership, of Charleston, Mo., has so far received $2.8 million in MFP payments.
  • The top 1 percent of MFP recipients received, on average, $183,331. The bottom 80 percent received, on average, less than $5,000.
  • Thousands of residents of the nations largest cities received MFP payments.
  • MFP payments continue to leave out minority farmers.

Initially, the U.S. Department of Agriculture (USDA) said it would cap bailout payments at $125,000. But the richest farms have gotten around that rule by allowing family members who do no meaningful work to also apply for federal relief, in essence repeatedly dipping from the same well of money.

Farmers are hurting, but they still support Trump and his trade war. - CNBC

  • Trump won the presidency by winning rural America, in part by pledging to use his business savvy and tough negotiating skills to take on China and put an end to trade practices that have hurt farmers for years.
  • While the prolonged fight has been devastating to an already-struggling agriculture industry, there’s little indication Trump is paying a political price.

 

Majority of Trump’s bailout billions went to rich corporate farms, not to his #MAGA farming voters. 1

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