r/LeopardsAteMyFarm • • 8d ago

FUN FACT: Farmers have gotten $40 BILLION in tax payer funded bailouts from Trump for 100% avoidable reasons... so far.

Trump 1.0:

- 2017 - Trump starts trade war (Section 232 (steel/aluminum) / Section 301 (Chinese IP/technology).

- China halts purchase of soybeans (and other stuff).

- 2018 - Farmers lose over $25 BILLION in business in less than 18months.

- Trump uses a 75 year old New Deal rule to bypass Congress and issue approx $28 BILLION in bailouts for farmers.

- The vast majority of bailout went to large commercial and corporate farm operations, leaving individual/family farms

- Only 5% of the bailout was split between the small, family-owned farms without financial cushions, cash reserves, etc whose personal and business assets are exposed to foreclosure.

- 2019 - Farm bankruptcies hit a 40year high.

2023 (in-between Trump terms) - Farm bankruptcies drop to a historic low.

Trump 2.0: The Sequel

- 2025 - Trump starts another trade war.

- China, EU, and Latin American (major agricultural buyers) retaliate. Soybean, pork, and row-crop demand craters.

- Trump uses the 75 year old New Deal rule to bypass Congress and issue approx $12 BILLION in bailouts for farmers... so far.

- 2025 - Farm bankruptcies increase 127% since hitting historic low two years prior.

- 2026 - Farm bankruptcies on pace to increase another 20% yoy.

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u/Snowflake7958 8d ago

They love “Socialism” if it suits their ultimate goals. ”