After telling Farmers, I LOVE YOU, Trump to cut farmer subsidies in 2020 budget

March 14, 2019 1:03 PM |

Trump Farmers

Since the time Donald Trump became President of the United States, he has been in the limelight for all the wrong reasons. Be it women, Mexico, Climate Change and now farmer subsidies. Trump in his 2020 proposed budget plan has decided to cut federal funding for farm subsidies along with other safety net programs for agricultural producers. The move has only met with criticism as farmers in the states have already been suffering.

As per an Illinois Farm President, they are disappointed with the proposed budget as at present farmers are already facing a farm economy which is depressed, along with which the market is also uncertain with trade agreements remaining unresolved.

The budget proposal has a reduction of 15 percent in funding to the U.S. Department of Agriculture. Not only this, Trump has asked the department to come up with targeted reforms to duplicative programs and the overly generous subsidy programs. The document states that they will try to save some money through elimination of subsidies to higher income farmers, reduction of overly generous crop insurance premium subsidies to farmers along with the payments made to private sector insurance companies.

The chairman of the National Corn Growers Association says that crop insurance is a necessity with the agriculture they have at this point in time. While they aren’t insuring for profit purposes, they expect insurance if weather conditions are adverse so as to be paid back. Farm income is at present on the weaker, costs also haven’t dropped at a great rate which means agricultural producers are suffering.

Crop prices being low and the trade war with China has made things even worse. The president is looking towards one of the largest cuts ever to domestic discretionary spending. The $4.7 trillion fiscal 2020 budget proposal looks forward to boost defense spending along with $8.6 billion for building a border wall. The plan will cut the budget of the department of agriculture by $3.6 billion to $20.8 billion, The average premium subsidy is being slashed to 48 percent from a good 62 percent along with limiting subsidies for growers who make less than $500,000 in a year. This comes a few months after Trump’s “Farmers, I LOVE YOU” tweet

Farmers have been the rural base of voters which is responsible for Trump’s entry to the White House. The trade war with China had caused Trump to promise an aid of $12 billion, but even before that farmers were facing low prices and reduction in their incomes.

As per Gene Paul, legislative coordinator at the National Farmers Organization, “Crop insurance is probably more important now than ever because of lower farm incomes and tariffs put in place by the president. The president just doesn’t get it.’’

Image Credit: washtimes.com

Weather Forecast

Other Latest Stories

Weather on Twitter
The Seven Sister States consisting of #ArunachalPradesh, #Assam, #Meghalaya, #Manipur, #Mizoram, #Nagaland and… t.co/EBM25nhDz3
Saturday, May 25 19:30Reply
Dry weather is expected to prevail in #Delhi and NCR for the next 24 to 36 hours.The surface winds will now recede.… t.co/FAqEg1i9fe
Saturday, May 25 18:30Reply
#Rains to continue in many parts of #Kerala, coastal #Karnataka and South interior #Karnataka for the next 24 hours… t.co/IPwWAHxjx3
Saturday, May 25 18:00Reply
#Weather alert for #Telangana and #AndhraPradesh Spell of #rain and #thundershower with strong winds likely to aff… t.co/5ADFfrw6Hn
Saturday, May 25 17:40Reply
Places like #Gulmarg, Anantnag, #Srinagar, Lahul and Spiti, #Manali, #Kullu, #Badrinath, #Kedarnath, Chamoli etc wo… t.co/vS9gqMfcux
Saturday, May 25 17:00Reply
If greenhouse gas emissions are not put to check, by 2100, a sea level rise of 2 metres is expected with the displa… t.co/ePx7d0p7Du
Saturday, May 25 16:00Reply
RT @SkymetHindi: पंजाब, हरियाणा, दिल्ली और उत्तर प्रदेश में 1 मार्च से अब तक यानी प्री-मॉनसून सीजन में अब तक हुई बारिश की बात करें तो पंजाब…
Saturday, May 25 15:17Reply
RT @SkymetHindi: स्काइमेट के अनुसार 1 जून की बजाए 4 जून को मॉनसून केरल में दस्तक दे सकता है। #Heatwave #Monsoon t.co/13128GnWoA
Saturday, May 25 15:17Reply
A fresh spell of #duststorm along with #thundershower will commence over #Punjab, #Haryana and North #Rajasthan by… t.co/H6nE02Z5Ud
Saturday, May 25 15:00Reply
#Weather alert for #Jharkhand #Rain and #thundershower with strong winds (40-60 kmph) over multiple districts of Jh… t.co/5vSlE6qYmh
Saturday, May 25 14:02Reply

latest news

USAID Skymet Partnership

Skymet weather

Download the Skymet App

Our app is available for download so give it a try