There’s a term swirling around the countryside these days: “Trump money.” It refers to the growing pile of subsidies hitting farm country during this election year.
At a recent campaign rally in Wisconsin, President Donald Trump announced a new $13 billion federal aid package. It will benefit farmers through another round of payments from the Coronavirus Food Assistance Program, a $16 billion relief package overseen by the U.S. Department of Agriculture. Coupled together, we’re entering record-breaking territory on farm subsidies.
Don’t get me wrong, these payments are deeply appreciated. Here in America’s heartland, we’re still reeling from the impacts of a years-long dairy crisis, extreme climate events like the crop-devastating “derecho” storm, the trade wars, and pandemic-related market and supply chain disruptions.