United State

US Observer to Examine Trump’s Farm Financing Program

WASHINGTON – The US Government Accountability Office is launching a $ 28 billion redemption on President Trump’s indictment on a revision by farmers affected by his trade war against allegations of money being misused and unfairly distributed.

The investigation came at the request of Sen. Debbie Stabenow, a Democrat from Michigan, who voiced her concern that the bailout program was biased, giving more funding to the southern states that voted for Mr. Trump and voted for large and foreign smallholder companies. farms

Last month, the Trump administration, which had made a preliminary trade deal with China, said the farm subsidies would end this year. The project has been launched in 2018 since: A $ 12 billion effort to mitigate lost sales or responsible tariffs for sales in response to tariffs from China, the European Union, Canada and Mexico. The program: up to $ 28 billion last year, as Mr. Trump’s conflict with China was celebrated.

Critics have the program is to blame for the formulas he used to determine payments for some crops and to lend money to large corporate farms. The program:, which used the Depression-era fund, allowed peasants to earn less than $ 900,000 annually if they produced one of the agricultural products that faced retaliation. The government has also bought certain products, for example apples, oranges and pork.

“It is clear that the Trump administration’s trade support payments are choosing winners and losers, rather than helping the farms that have been the worst hit on this president’s trade policy,” Ms Stabenow said Friday.

Ms. Stabenow asked GAO. examine why disproportionate payments went to large farms if the Department of Agriculture effectively prevented fraud, waste, and abuse in the plan, and is the model the United States? the distribution of payments accurately reflected the commercial losses incurred by farms. Democrats have complained that the plan paid subsidies to some farmers they didn’t need, and those suffering from Mr. Trump’s tariff war with China were left without benefits.

GAO. is an observer of a nonpartisan congress that oversees government programs. The agency informed Ms Stabenow’s office on Thursday that it would launch an investigation.

Democrats are not the only ones has expressed concerns with a farm assistance program.

Florida Republican Senator Marco Rubio has joined Democratic Sen. Bob Menendez of New Jersey and Connecticut Democrat Rosa De Lauro, asking Agriculture Minister Sonny Perdue to investigate JBS, a 67-year-old Brazilian woman. million drams as compensation funds. Lawmakers have raised concerns over payments related to the company’s past legal issues. In 2017, two of the former leaders of JBS, Brothers Wesley Batista and Oes Ozzy Batista, were found guilty of corruption charges in Brazil.

Mr. Rubio and Menendez also asked the Treasury to investigate possible links JBS has with Venezuelan Nicol├ís Maduro’s government, whom the US does not recognize as a legitimate president.

In a letter to Mrs DeLauro’s latest moth, Mr Perdue said that he had no intention of requiring his chief inspector to launch an investigation into JBS, noting that the Justice Department and the Securities and Exchange Commission were already investigating the company’s practices.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button