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by shiftpgdn
1989 days ago
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https://data.ers.usda.gov/reports.aspx?ID=17833
The past decade it has been only about 10 billion a year with fixed direct payments largely eliminated in 2014. 2020 will obviously be an exception due to Covid-19. Most of the recent payments are Market Protection Programs to prevent exports from being wrecked by retaliatory tariffs under Trump.
https://www.farmers.gov/manage/mfp That's very much a means-tested program to prevent farmers from being driven into bankruptcy by tariffs on things they've already produced. It's not a magic money fountain. |
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Note that the same report says that excluding subsidies, farmer net income increased in 2020 over 2019, so I'm not convinced the Covid pandemic is a good reason.