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U.S. overpaid corn farmers $3 billion in Trump trade aid, GAO finds

 

December 21, 2021

David Joles, Star Tribune

Corn growers got too much government help in 2020 to offset trade-related losses, while soybean, sorghum and cotton farmers didn't get enough, the GAO says. File photo of a cornfield in Dakota County.

The Department of Agriculture overpaid U.S. corn farmers in 2019 by around $3 billion for losses under former President Donald Trump's trade policies, according to a nonpartisan government agency report released Monday.

The USDA overestimated the value of lost exports in many cases, the report from the U.S. Government Accountability Office (GAO) found.

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 losses farmers faced in the wake of Trump's trade war with China and other top export markets.

https://www.startribune.com/u-s-overpaid-corn-farmers-3-billion-in-trump-trade-aid-gao-finds/600128947/

 

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