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Politics : Formerly About Advanced Micro Devices

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To: Sdgla who wrote (1191990)1/9/2020 9:47:03 AM
From: Brumar892 Recommendations   of 1573040
 
Farmer: Trump's $28 billion bailout isn't worth the trade war

Adriana Belmonte
·Associate Editor
January 7, 2020, 6:51 AM CST

The U.S. Department of Agriculture (USDA) has approved $28 billion in market facilitation payments to American farmers to offset negative effects of the U.S.-China trade war, with about $19 billion paid out through the end of 2019 and the rest coming this year.

And according to Hope Pjesky, a rancher and wheat farmer from Oklahoma, not only has that amount not been enough for most farmers — it wasn’t even worth it.

“After all that’s happened with trade recently, I don’t think those will continue in future years,” Pjesky said on Yahoo Finance’s On the Move. “And I don’t think that most farmers really thought that it was worth it. It wasn’t. I know the big overall number looks huge to people, but it really wasn’t enough to help most people.”

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yahoo.com
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