Some 40 percent of farm income now comes from a combination of trade aid (due to the China trade war), disaster assistance, farm subsidies and insurance claims, according to Axios.com. Is American food production, and thus national security, in jeopardy when so many farms derive so much income from sources other than selling food?
President Trump’s punitive tariffs on China lead to $30 billion in new farm bailouts, with no end in sight for these growing subsidies. Will Congress expand funding when the agriculture subsidies hit the legal ceiling this fall? What’s the end game for the president’s trade negotiations? Is it better to have American farmers dependent upon China or upon U.S. taxpayers? Has massive borrowing made the U.S. the richest/poorest country in the world?