Why record-breaking trade aid for farmers could fail
Editor’s note: Stories of this ilk are included in the blog to inform those in our industry how agriculture is being presented to and perceived by the public.
President Donald Trump’s $12 billion relief plan for farmers may be the largest U.S. government effort in recent memory to help rural America cope with an entirely man-made disaster. And it could backfire in the long run. The government will pay some farmers directly and buy food from others to blunt the impact of a trade war entirely of the president’s own making. Despite the massive size, it won’t offset the sweeping damage to markets as other countries slap penalties on U.S. farm goods in retaliation for Trump’s tariffs on imports.