New USDA Records Show Trade Bailout and Coronavirus Payments Went to the Largest Farms
The largest and wealthiest U.S. farm businesses received the biggest share of almost $33 billion in payments from two subsidy programs – one created by the Trump administration to respond to the president’s trade war and the other by Congress in response to the coronavirus pandemic, according to updates to EWG’s Farm Subsidy Database.
The Market Facilitation Program, or MFP, was intended to offset the perceived damage done by the administration’s trade war, which reduced many farmers’ access to lucrative Chinese markets. Payments for the 2018 and 2019 crop years were just over $23 billion – more than $8.5 billion for 2018 and $14.5 billion for 2019.
https://www.ewg.org/agmag/2020/09/new-usda-records-show-trade-bailout-and-coronavirus-payments-went-largest-farms
