Sunday, January 31, 2021

A $30B fund sitting inside USDA tees up a tug-of-war

I thought conservatives hated socialism.

"Perdue dusted off the little-known fund and leveraged its authority to help out producers financially hurt by retaliatory tariffs through a combination of direct payments and commodity purchases that eventually ballooned farmers’ bottom lines. The billions paid out to farmers far eclipsed the massive 2008 auto bailout, and accounted for 40 percent of farm income in 2020."

Link here.

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