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As small U.S. farms face crisis, Trump’s trade aid flowed to corporations

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Indiana farmer offloads fresh harvest of soybeans from his combine in Brownsburg, Ind., Sept. 21, 2018.

Michael Conroy | AP

U.S. trade aid mainly benefited large farms in its latest round, undermining a key pledge by the Trump administration and leaving family producers at risk of collapse as the economy entered a recession.

President Donald Trump said the bailout program he rolled out in 2018 would help family farms weather his trade war with China, mostly through direct payments from the government. But roughly two-thirds of those payments went to the top 10% of recipients at the beginning of the year, according to an analysis of U.S. Department of Agriculture records obtained by CNBC…



Source cnbc.com

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