The Trump administration is considering a significant financial aid package for farmers, according to multiple sources familiar with the discussions. The package could include more than $10 billion in relief.
The White House is focusing on soybean farmers, since they’ve been hard hit by the Chinese boycott on American soybeans. Discussions about the package are still in early stages, one of the sources said.
That is the irony. They can push for Americans to eat more soy products, but people can’t come close to consuming as much soy as the livestock we feed it to. And with beef prices continuing to skyrocket, people can’t afford to eat beef either. We should have been cutting subsidies for corn and soy and using that money to invest in farmers growing actual food for actual people. But that’s harder to profit from so big daddy corporate ag made sure the gravy train kept rolling.