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Politics Richest Farms Reap Bulk of U.S. Agriculture Aid, Study Shows

00:45  23 september  2020
00:45  23 september  2020 Source:   bloomberg.com

Democrats, GOP Agree on Stopgap to Avoid Government Shutdown

  Democrats, GOP Agree on Stopgap to Avoid Government Shutdown Republicans and Democrats in Congress have agreed in principle on a stopgap spending bill needed to keep the U.S. government open after the new fiscal year begins on Oct. 1. The bill extends current levels of spending for agencies through Dec. 11. © Bloomberg U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks during a news conference in Washington, D.C., U.S., on Friday, Sept. 18, 2020. Some House Democrats are keeping pressure on Pelosi to bring a new coronavirus relief bill up for a vote next week as they look to signal to voters that the party is pursuing a deal to bolster the economy.

The study analyzed data from 2015. Over half of U . S . farm households report losses from their farm businesses each year, the USDA’ s Economic Research Service “Of the roughly 2 million U . S . farm households, slightly more than half report negative income from their farming operations each year.

The Census of Agriculture is a complete count of U . S . farms and ranches and the people who operate them. The Census of Agriculture , taken only once every five years, looks at land use and ownership, operator characteristics, production practices, income and expenditures.

(Bloomberg) -- As Republicans and Democrats in Washington try to settle a high-stakes dispute over agriculture aid, a study shows the bulk of billions of dollars in U.S. subsidies going to the country’s biggest and richest farms.

A truck hauls a load of corn between grain bins on a farm during harvest in Walnut, Illinois, U.S., on Monday, Oct. 9, 2017. Corn futures for December delivery gained 0.1% a bushel on Chicago Board of Trade. © Photographer: Daniel Acker/Bloomberg A truck hauls a load of corn between grain bins on a farm during harvest in Walnut, Illinois, U.S., on Monday, Oct. 9, 2017. Corn futures for December delivery gained 0.1% a bushel on Chicago Board of Trade.

In the 2018-2019 crop years, more than half of about $23 billion in payments from the Market Facilitation Program went to the top 10% of farms, according to the Environmental Working Group, a critic of agribusiness subsidies. The funds are meant to offset harm from the U.S.-China trade war.

The richest 1% emit more than the poorest half of the population

 The richest 1% emit more than the poorest half of the population © Provided by Le Point Oxfam, environment, emissions The observation is clear. According to a report by Oxfam , the richest 1% in the world emit twice as many greenhouse gases as the poorest half of the population. The NGO calls for "social and climate justice", in particular by including this notion in the economic recovery plans of countries after the coronavirus. The period analyzed extends from 1990 to 2015.

The Agricultural Trade Promotion Program, administered by USDA’ s Foreign Agriculture Service, will be provided 0 million (0 million in 2018) to assist in developing new export markets on behalf of U . S . agricultural producers. The broad discretionary authority granted to the Secretary under the

Agricultural Baseline. USDA-projected longrun developments for global agriculture reflect steady world This study documents outcomes and lessons learned from the State pilot programs. The value of U . S . agricultural exports declined in 2015, particularly among major bulk exports.

“We aren’t really helping people who need the help,” EWG analyst Anne Schechinger said in an interview. “Small farms don’t have a lot of assets to fall back on during hard times and then they are the ones most likely to actually go out of business.”

Lawmakers on Capitol Hill are trying to resolve a disagreement over farm relief that raised the risk of a U.S. federal shutdown on Oct. 1. House Democrats on Monday released a short-term funding bill that lacks $30 billion sought by Republicans for the Commodity Credit Corp., a government-owned entity that aims to stabilize farm income.

Congress Holds Fresh Talks on Stopgap Funding to Avert Shutdown

A study of $5 billion in payments through June 30 under the Coronavirus Food Assistance Program, which is intended to help farmers hurt by the pandemic, shows the top 1% of farms receiving 22% of the money, for an average payment of $352,432. The smallest 80% of farms got 23% of the aid, with the average payment $4,677, according to the advocacy group.

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Albatross or double eagle? Scott Harrington pulls off rare feat at Sanderson Farms .
Scott Harrington pulled off a rare feat at the Sanderson Farms Championship at the Country Club of Jackson on Thursday when he holed his second shot on the par-5 14th. He drilled a 3-wood from 272 yards and found nothing but the bottom of the cup. Sadly, there's…He drilled a 3-wood from 272 yards and found nothing but the bottom of the cup. Sadly, there’s no video evidence to share of the moment.

usr: 3
This is interesting!