President Donald Trump's snap decision to send billions of dollars in new aid to farmers could be bad for the farm economy and the federal budget
President Donald Trump's snap decision to send billions of dollars in new aid to farmers could be bad for the farm economy and the federal budget.
Farm groups are headed to the White House on Thursday afternoon to join Trump as he announces what may be as much as a $20 billion boost for agriculture. The American Farm Bureau Federation and groups representing soybean, corn, wheat and pork producers are expected to attend, as well as lawmakers including Sen. John Hoeven , who has worked closely with the administration on the aid package.
“[W]e want farmers to make decisions on how many acres of corn and soybeans to plant based on the market and not something the government’s doing,” he said. Rainfall in the Midwest has delayed planting, so many farmers can still switch up their crops. Even the prospect of another round of trade assistance could encourage them to plant more soybeans, Coppess said.
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