7/27/2019 12:24:00 PM Economists: New Trump farm aid may be distributed more fairly
BISMARCK, N.D. (AP) — The Trump administration’s decision to base new handouts to farmers hit by the trade war with China on how many acres they’ve planted might be a fairer way to distribute the cash than the previous system of payments per bushel heavily skewed toward soybean growers, an agricultural economist said Friday.
U.S. Agriculture Secretary Sonny Perdue announced Thursday that the administration will pay another $16 billion more in aid to farmers affected by the president’s trade war with China. It comes after an $11 billion bailout Trump gave farmers last year.
Scott Irwin, a University of Illinois agricultural economist, said the previous program heavily weighted toward payments to soybean growers and based on bushels, “didn’t make any sense.”