Agriculture support payments go higher and higher
As I’ve confessed many times, I have a hard time getting my head around how US farm policy works in practice. Fortunately, we have Politico to help.
Last ten years: farm payments have averaged $11.5 billion per year (the peak was $13.8 billion in 2018)
2019: payments are predicted to exceed $21 billion. How?
- $14.5 billion in direct trade aid for 2019 production.
- $11.5 billion in direct payments
Politico notes: These payments contradict “Trump’s claims that he’s turned the farm economy around.”
It also notes that federal payments are likely to account for 27 percent of farmer income this year.
Is this reasonable agricultural policy? No.
Don’t we need a better and more sustainable system? Yes.