The two-year pricetag for farmer trade aid is an estimated $28 billion; some readers have asked ag economists Harwood Schaffer and Daryll Ray if that money could have been better spent on a different farm program. In their latest Policy Pennings column, Schaffer and Ray say that the money is needed for farmer bailouts, but note that the government would have needed less money to bail out farmers "if the President had been more judicious in his handling of outstanding trade issues with China." They also take Congress to task: "If Congress had implemented a supply management program as the core of the 2018 Farm Bill, crop prices in general would be higher than they are today."
Schaffer and Ray take a deep dive into ag pricing and production trends of the past few years to support their argument. Read more here.
Schaffer and Ray take a deep dive into ag pricing and production trends of the past few years to support their argument. Read more here.
from The Rural Blog https://ift.tt/2new9sV Ag economists say farmer bailout necessary now, but criticize Trump and Congress for handling of trade dispute - Entrepreneur Generations
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