U.S. farmers may need more aid if trade deals stall during election season: lobby

CHICAGO - Farmers may need a third round of government aid next year if political in-fighting during the 2020 U.S. election cycle prevents the Trump administration from landing trade deals and reopening top export markets, the head of the largest U.S. farm lobby said on Tuesday.

Farmers have struggled to stay afloat this year as top U.S. soybean buyer China curtails purchases. They are counting on other markets like Mexico and Europe to buy their agricultural goods. On Tuesday, President Donald Trump, a Republican, formally kicked off his re-election bid and tweeted that the United States and China would restart trade talks. Trump said he would meet with Chinese President Xi Jinping at the G20 summit later this month, and that talks between the two countries would restart after a long lull.

The Trump administration has, so far, pledged as much as $28 billion in support payments to U.S. farmers in two separate rounds, to compensate for lower prices for farm goods and lost sales stemming from trade disputes with China and other nations. The funds came from the Commodity Credit Corporation , established during the Great Depression in the 1930s, to compensate farmers for an estimated $11 billion in losses due to the trade wars.

The American people love our farmers and will do all we can to asst. them!

I believe they were big tRump supporters, no? Guess you reap what you sow.

pathetic let them reap what they sowed .......

More Socialism for those who voted for Trump, no Medicare for All for anyone. Guess the GOP is the arbiter of what is Socialism. How did they get to be such experts?

I’m confused why farmers who were able to sustain their livelihoods on the free market economy now need to be continually subsidized by US taxpayers who are already paying the additional taxes via these new tariffs. How does that make for a strong economy and sustainable future?

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