Economic - Markets
President’s Budget Yet Again Neglects Severity of Farm Economy, NFU Says
National Farmers Union (NFU) President Roger Johnson said the proposal continues the administration’s disturbing trend of neglect for the welfare of farm families across the United States.
He said: "There is a very clear disconnect between President Trump’s priorities and the economic realities facing family farmers, ranchers, and rural communities.
"Despite the rapid decline in the farm economy, additional damages from self-inflicted trade disruptions, increasing demand for credit, overloaded farm hotlines, and deteriorating infrastructure in rural communities, the White House today called for significant cuts to the one department tasked with serving farm families, rural residents and those struggling with food insecurity.
"Passing the 2018 Farm Bill was an important, bipartisan accomplishment. Rather than turning right around and proposing cuts to farm programmes, the President should be working to build on that success by providing needed additional support for family farmers and ranchers.
"For three years now, President Trump has been calling for cuts to important programmes within USDA.
"Yet for the third straight year, a majority of American farmers and ranchers are expected to lose money farming. Major relief is needed to weather these tough times in agriculture.
"It’s time the President’s policy proposals and rhetoric acknowledge the financial pain in farm country."