Opinion: White House ag bailout will not spell relief

One hardly knows where to begin commenting on USDA’s $12 billion farm aid package designed to help farmers and ranchers financially blindsided by the POTUS’s trade war with China. The Market Facilitation Program is complicated but here are the highlights:

MFP includes $4.77 billion in direct payments to farmers.  Soybean farmers get the lion share – $3.6 billion.  On the other hand, the total allotted to corn farmers is $95 million. Pork producers fair little better at just over $290 million. Beef producers get zero. Soybean farmers will receive $1.65 a bushel, wheat producers 14-cents a bushel and corn farmers 1-cent a bushel on half of their production.  Hog farmers get $8 a pig.  For row crops, the money will not be paid till after harvest.  And oh yeah, it’s capped at a maximum of $125,000 a farmer.

Opinion: U.S. agriculture will be big loser in the steel-aluminum trade dispute

The POTUS says he is prepared to start a trade war with the world over U.S. steel and aluminum, imposing tariffs of 25 percent on foreign steel and 10 percent on foreign aluminum.

The White House is citing national security concerns for the tariffs.

But I’m here to tell you that if the tariffs come to fruition it will be U.S. agriculture that will suffer.  Bigly.