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Federal checks salvage otherwise dreadful 2020 for US farms | The Star
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UNITED STATES
Federal checks salvage otherwise dreadful 2020 for US farms
Thanks to the government paying nearly 40% of their income, U.S. farmers are expected to end 2020 with higher profit than 2019 and the best net income in seven years, the Department of Agriculture said in its latest farm income forecast.
Farmers faced challenges throughout 2020 that included the impact of trade dispute s; low prices that drove down cash receipts for corn, cotton, wheat, chicken, cattle and hogs; and weather difficulties such as drought in some areas and an unusual August wind storm stretching from South Dakota to Ohio that centred on Iowa.
One northeast Iowa farmer said without the federal money it would have been difficult to make ends meet this year but it began to feel like the government checks were motivated by politics from a president seeking support for reelection.
“At first it did help, but then we kept getting payments and I don’t know that those were warranted,” said Rick Juchems, 65, who grows corn and soybeans and custom raises hogs. “The markets had already recovered quite a bit and they’re recovering yet more, so it helps some but it’s one of those things that the second one was more than we needed.”
In a late October campaign appearance in Omaha, Nebraska, President Donald Trump said he believed farmers were better off getting government payments than relying solely on their farming receipts.
“In fact, some people say our farmers do better now than when they actually had a farm,” he said.
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