# ‘Here’s your check’: Trump’s massive payouts to farmers will be hard to pull back - POLITICO

> Government payments to farmers have surged to historic levels under President Trump, with direct farm aid climbing from $11.5 billion in 2017 to more than $32 billion this year. The Agriculture Department is distributing the cash to offset losses from tariff disputes and the coronavirus pandemic. Critics warn the payments are growing too fast with little congressional oversight.

- Date: 2020-07-14 · published 2020-07-14T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/52099-here-s-your-check-trump-s-massive-payouts-to-farmers-will-be-hard-to-pull-back
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large ad hoc aid cushions farm income and can keep acreage and production high despite weak prices, which is bearish for feed grain prices over time. Policy risk of future aid cuts is a longer-term consideration for feed buyers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-28 | [Trump's Farmer Bailout: Half Now, the Rest Later – Maybe](https://feedsoft.ai/events/63526-trump-s-farmer-bailout-half-now-the-rest-later-maybe.md) | +0.8% | +2.6% |
| CORN | 2019-12-04 | [Trump’s $28 Billion Trade War Bailout Is Overpaying Farmers - Bloomberg](https://feedsoft.ai/events/55567-trump-s-28-billion-trade-war-bailout-is-overpaying-farmers-bloomberg.md) | -3.9% | +1.5% |
| CORN | 2018-07-25 | [USDA Assists Farmers Harmed by Tariffs \| Farm Policy News \| Illinois](https://feedsoft.ai/events/64019-usda-assists-farmers-harmed-by-tariffs-farm-policy-news-illinois.md) | +3.5% | +2.0% |
| CORN | 2017-07-27 | [Farmers fear Trump's tough trade rhetoric may color NAFTA talks, push for change](https://feedsoft.ai/events/69914-farmers-fear-trump-s-tough-trade-rhetoric-may-color-nafta-talks-push-for-change.md) | -1.3% | -7.0% |
| CORN | 2018-06-21 | [Live: President Trump in Missouri \| CNN Politics](https://feedsoft.ai/events/64518-live-president-trump-in-missouri-cnn-politics.md) | -0.2% | -0.9% |
| SOY | 2018-10-23 | [Trump tariffs lead to bleak 2019 farm forecasts - POLITICO](https://feedsoft.ai/events/62519-trump-tariffs-lead-to-bleak-2019-farm-forecasts-politico.md) | -2.3% | +1.8% |
| SOY | 2018-08-28 | [Trump's Farmer Bailout: Half Now, the Rest Later – Maybe](https://feedsoft.ai/events/63526-trump-s-farmer-bailout-half-now-the-rest-later-maybe.md) | -0.3% | +1.3% |
| SOY | 2019-12-04 | [Trump’s $28 Billion Trade War Bailout Is Overpaying Farmers - Bloomberg](https://feedsoft.ai/events/55567-trump-s-28-billion-trade-war-bailout-is-overpaying-farmers-bloomberg.md) | +3.5% | +8.4% |

## Sources

- politico.com: https://www.politico.com/news/2020/07/14/donald-trump-coronavirus-farmer-bailouts-359932

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.