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Trump Reportedly Eyeing $10 Billion Farmer Bailout—Using Tariffs: Here’s What To Know

Rexedgar

Rexedgar

Yo-Semite!
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$10 billion for US farmers? I wonder what the farmers think about the Argentines getting $20 billion and they are selling their soy beans to China.


www.forbes.com

What To Know About Trump’s Potential $10 Billion Farmer Bailout

Treasury Secretary Scott Bessent said information on “substantial support” for farmers would be released next week.
www.forbes.com www.forbes.com
 
From the OP link: Trump does not have enough money in the Department of Agriculture’s Commodity Credit Corporation fund ($4 billion) to fully fund the bailout, Politico reported, adding Trump officials are evaluating how money made from tariffs could supplement farmer payments.

Maybe Trump should tap some of that $17 trillion that’s coming in to the coffers……
 
Rexedgar said:
$10 billion for US farmers? I wonder what the farmers think about the Argentines getting $20 billion and they are selling their soy beans to China.


www.forbes.com

What To Know About Trump’s Potential $10 Billion Farmer Bailout

Treasury Secretary Scott Bessent said information on “substantial support” for farmers would be released next week.
www.forbes.com www.forbes.com
Click to expand...
Surely if we can spend all the money we have on taking care of illegals in this country we can come up with some for our farmers.
 
Ikari said:
Trump's tariffs are backfiring. Guess we won't be paying down the debt with all that tariff revenue.

lol
Click to expand...
Um, it's working the way they want it. People will be much poorer that they also won't be able to fund future governments with money due to how much interest is being paid to the national debt. So, expect a lot more poverty coming to you! While the usual suspects get bailed out again and again.
 
Integrityrespec said:
Surely if we can spend all the money we have on taking care of illegals in this country we can come up with some for our farmers.
Click to expand...
I guess “America First” doesn’t mean all that much. Don’t cry for Argentina!
 
Hurrah for laissez faire.
 
input costs up (combine rentals), fertilizer costs up, seed costs up;
permanently lost markets in Brazil and China, with more BRICS-related;
none of this gets on fox-type Breitbart Sinclair platforms
 
Wait! I though you people felt sorry for the farmers! Apparently not anymore. Also it's not 20 billion in aid, it's 20 billion to support a currency swap. If Argentina can repair its currency we can get all our money back, maybe even make some money.
 
dmpi said:
Wait! I though you people felt sorry for the farmers! Apparently not anymore. Also it's not 20 billion in aid, it's 20 billion to support a currency swap. If Argentina can repair its currency we can get all our money back, maybe even make some money.
Click to expand...

And if we don't get our money back?

Then we can impeach Trump for misappropriation of government funds!
 
Good news for our farmers. It's been a rough ride. Help is coming soon.

US farmers hit by trade war to get 'substantial' aid: Treasury chief​

www.yahoo.com

US farmers hit by trade war to get 'substantial' aid: Treasury chief

US Treasury Secretary Scott Bessent signaled Thursday that "substantial support" for farmers would be announced next week, particularly for those growing soybeans, as they struggle with fallout from President Donald Trump's trade conflicts."You should expect some news on Tuesday on substantial...
www.yahoo.com www.yahoo.com

US Treasury Secretary Scott Bessent signaled Thursday that "substantial support" for farmers would be announced next week, particularly for those growing soybeans, as they struggle with fallout from President Donald Trump's trade conflicts.
Worries have been growing for weeks of a major hit to farmers, a key part of Trump's political base, as exports to China dry up over tariffs instituted by Beijing in retaliation to US levies.

"You should expect some news on Tuesday on substantial support for our farmers, especially the soybean farmers," Bessent told CNBC early Thursday.
The Wall Street Journal also reported Thursday that President Donald Trump is mulling $10 billion or more in aid to American farmers as the trade tensions take a toll.
 
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