Showing posts with label WTOI. Show all posts
Showing posts with label WTOI. Show all posts

Tuesday, July 14, 2020

MFP and CFAP and ?

Politico has a piece on Trump's payment programs for farmers, which have set new records, arguing it will be difficult to cut back.

It's not Trump's fault, entirely. Yes, he bears responsibility for the trade war with China, which then justified $23 billion in MFP payments, and seems not to have accomplished much. But the payments under CFAP to cushion the blows of the pandemic are as big, or will be bigger.  And farm state Democrats are as eager as Republicans to fund the payments. 

I'm waiting for the WTO evaluation of the programs, but Trump is likely to pull us out of that as well.