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Wednesday, January 26, 2022

GAO Report: Trump Aid Policy Saves Corn Farmers $3B . paid more than

pj by Huffster and Leah Douglas | Reuters

CHICAGO — The Department of Agriculture awarded U.S. corn farmers to former President Donald J. Nearly $3 billion paid for the effects of Trump’s trade policies after the agency estimated the value of his lost export business, according to a nonfiction government agency. Report released on Monday.

The Market Facilitation Program in 2018 and 2019 distributed $23 billion in payments to farmers under the USDA’s Farm Service Agency to help offset huge losses to farmers in the wake of Trump’s trade war with China and other top export markets Can you

According to a US Government Accountability Office (GAO) report, payments to maize farmers were about $3 billion more than the USDA’s final estimated losses from the trade war, while soybean, sorghum and cotton farmers received less than projected trade losses.

The report, requested by the US Senate Agriculture Committee, also found that because of the way the USDA distributed payments, growers in different regions received different payments for the same crop.

According to the report, farmers in the south benefited the most, while farmers in the northeast and west received the least amount in payments.

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At the time, widely varying payments confused and upset farmers, as well as local USDA employees who received limited training on the program and struggled to process applications and payments.

“We recommend better review and greater transparency” in USDA analysis, the GAO said in a statement on Monday, announcing the report.

The GAO recommended that the USDA’s Office of the Chief Economist (OCE) should be more transparent in its methodology process, as well as revise its procedures to assess the baseline by which assistance is provided to farmers.

OCE disagreed with the report’s findings, saying its team had done its job; that GAO’s recommendations should not be targeted at OCEs; And the problem was with policy decisions it didn’t cover, according to an October 21 letter sent to the GAO.

The USDA did not immediately respond to questions about the report’s findings. (Reporting by PJ Huffstadter in Chicago and Leah Douglas in Washington; Editing by Chizu Nomiyama)

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