‘America’s farm safety-net is broken. Instead of helping small farmers that have been hurt by the Trump administration’s trade war, Trump’s Agriculture Department is wantonly distributing billions of taxpayer dollars to the largest and wealthiest farms.’
It’s the “fat cats” who are benefiting most from President Trump’s taxpayer bailout to farmers hurt by his trade war, according to Anne Weir Schechinger, a senior analyst with Environmental Working Group (EWG).
Three of these farming fat cats got more than $1 million each. Forty-five got more than $500,000 each, and 514 got more than $250,000, which under the program’s rules is supposed to be the limit any single recipient can get.
According to a recent study from the EWG, “the richest of the rich” — the top 1% — received 13% of the federal payments, or more than $177,000 each. The bottom 80%, on the other hand, go an average payment of $5,136.
Continue reading “Trump vowed to help small farmers, but here’s where the aid is really going”
