Farm bailout paid to Brazilian meat processor angers lawmakers

[Judi Lynn]

Farm bailout paid to Brazilian meat processor angers lawmakers
Written By: Maggie Haberman and Alan Rappeport / © 2020 New York Times | Feb 8th 2020 - 10am.



Sen. Marco Rubio (R-Fla.) heads to the Strom Thurmond Room for a meeting with Senate Republicans during a break in the impeachment trial of President Donald Trump at the Capitol in Washington, on Jan. 31, 2020. Lawmakers want to know why a Brazilian-owned company got payments from a program aimed to help helping American farmers weather the president’s trade war. (Erin Schaff / © 2020 The New York Times)

WASHINGTON — The Trump administration, confident that the Chinese government will follow through on its agreement to buy more U.S. agriculture, plans to shutter its bailout program for farmers hurt by tariffs.

But allegations of unfairness and other criticisms continue to dog the $28 billion initiative, which President Donald Trump created to ease the economic hardship on rural America, which constitutes a large portion of his political base.

What was meant to be a financial lifeline for struggling farmers has been widely derided by critics as a corporate bailout for big agriculture companies and those who live in metropolitan areas but own farms in rural America. The program has also been attacked for providing financial support to U.S. subsidiaries of foreign agriculture companies that operate in the United States.

For months, a bipartisan group of lawmakers has been pressing the Trump administration to explain payments to a Brazilian-owned company with a troubled past.

More:
https://www.inforum.com/business/agriculture/4928178-Farm-bailout-paid-to-Brazilian-meat-processor-angers-lawmakers

[SWBTATTReg]

1. We should demand the money back or cut aid to Brazil a corresponding amount of $. This wasn't...

the intent of this bill either (like the Ukraine aid being held onto). Perhaps rump asked Brazil for a favor too?

[RockRaven]

2. Another fawning article by Haberman showing Repukes pretending to govern responsibly...

What is Rubio (I choose him in particular b/c the used his photo, but same for any of them) *substantively* going to do about this? Not a damn thing.

A bunch of fake outrage from the Repukes, but no consequences for the Trump admin that mean anything.

[Wellstone ruled]

3. Funny how that worked out,

give Swift Eckridge a few Billion and the Batista Brothers give a billion dollars back to the RNC who gives it to Trump crime family.

Oh btw,the Red Army got a major chunk also via Smithfield Foods. Purdue Farms received a nice bonus as well as Wells Cargo Sand and Gravel of Las Vegas whom owns Sunderland Farms.

Lets add all those Hedge Funds who own Farm Land that is cash rented or Operated as a LLC. Think about it,we have China,Brazil,and Wall Street stealing the bulk of 28 billion via the Grassley Rule Writing committee. Story back home was,Grassley Farms cashed to the tune of 250k.