#farm-bailout

#farm-bailout

But there's a catch: only major commodity farming operations-such as those that grow corn, cotton, peanuts, rice, wheat, and soybeans-will be eligible for more than 92 percent of the money, which is scheduled to begin flowing in February. The move is par for the course from the administration, which has allocated a near-record total of $40 billion in farm subsidies this year, with at least two-thirds of those payments having gone to commodity farms.

On Monday, Donald Trump announced that his administration will give farmers a $12 billion bailout-a tacit admission that his trade policies suck. Farmers have spent much of the last year complaining about rising production costs, falling crop prices and the loss of multiple markets due to Trump's tariffs and the trade wars they have launched. All in all, farmers are projected to lose roughly $44 billion in profits this year, in large part because of Trump administration policies.

This money is going to be used by these soybean farmers, by the cotton farmers in the southeastern part of Missouri, by the corn farmers in Missouri to go and get those loans now from from the banks, because they were not going to be able to get these loans based on their losses and the help, the safety nets not being there.

"I expect that when the government opens that very soon after you're going to see what President Trump's plan for farmers is, but it's really quite clever and generous. I can say that,"

Congressional Republicans like Sen. Chuck Grassley (R-Iowa) blasted the idea of helping Argentine farmers while doing nothing for domestic sales. What they're saying: "There are markets right now that aren't open to some of our commodities," Thune said on NBC's "Meet the Press" Sunday. "As a consequence of that, there are - we've got a big harvest coming in here in South Dakota, corn and soybeans, and no place to go with it."