Subsidy Spotlight: India

Earlier this week, President Donald Trump and his trade team announced a modernized trade pact with Mexico and Canada, and most of agriculture cheered.  But it was a comment about another country during the White House press conference that really caught our attention. India is “the tariff king,” the President said.  “India charges tariffs of 100 percent … that’s not free trade.”

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Surveys Show Rural America Continues to Struggle

America’s struggling farm economy is heading for even bigger declines, according to recent surveys, and the nation’s top bankers say manufacturers should expect a major drop in sales of new equipment. Inflation-adjusted net farm income, which is a broad measure of profits, is expected to be down by $11.4 billion, or nearly 15 percent, this year compared to 2017, according to USDA’s August Farm Income Forecast.

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It’s Still ‘Kinda Flakey’ to Destroy Farm Policy with Anti-Farmer Amendments

When Congressmen Ron Kind (D-WI) and Jeff Flake (R-AZ) introduced an amendment to the Farm Bill in 2007 that would have gutted U.S. farm policy and put American jobs at risk, the outcry from the agricultural community was swift and fierce. A campaign backed by farmers quickly labeled their plan “Kinda Flakey” and highlighted the disastrous effects it would have on commodities and rural communities from coast to coast.

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Yet Another Worry in Farm Country

Prices and farm incomes are in the tank. Ongoing international trade talks are affecting overseas markets. Congress is debating a Farm Bill that will determine growers’ ability to mitigate risk. Mother Nature is wreaking havoc across the country – with farmers in the Great Plains facing drought and southern growers getting pounded by rain.

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Our View: 2018 Farm Bill Proves Sunshine is Still the Best Disinfectant

In our view, this kind of open, honest debate beats the sneaky subterfuge of some past farm bill debates where pernicious amendments to gut U.S. farm policy have masqueraded as “reforms” in order to confuse the debate. The Heritage Foundation has made it perfectly clear that it opposes any safety net whatsoever for America’s farmers or ranchers because Heritage denies any unique risks to farming and ranching.

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Foreign Cheating Continues As Farm Bill Debate Unfolds

U.S. flagged vessels headed for China made an abrupt U-turn last month and headed for new ports. It wasn’t the weather that forced the change of course, but rather the contents in the ships’ hulls. Although the cargo involved is relatively small in the overall scope of agricultural trade, it did send off alarm bells for farmers who are depending on exports to lift them out of a slumping rural economy marked by low commodity prices.

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Our View: Beware of Anti-Farm, Socialist Rhetoric

How does the bill “modernize” sugar policy? It mandates that the U.S. Department of Agriculture invite heavily subsidized foreign imports into the U.S., artificially depressing farmer prices and rewarding bad actors abroad. Worse yet, the bill denies sugar producers the basic non-recourse loans available to other commodities, meaning failure to repay would result not just in the loss of crops pledged as collateral but in total bankruptcy.

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