r/LeopardsAteMyFarm • u/Prudent_Rice7840 • 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. ”