Trump Trade Bailout Overpaid Farmers, Favored Cotton, Study Says
- Cotton grower payouts 33 times estimated trade war losses
- Findings come as Trump administration prepares virus aid plan
Photographer: Ty Wright/Bloomberg
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The Trump administration’s $28 billion trade bailout largely overpaid farmers for their losses, with southern cotton farmers receiving the most outsized gains, according to researchers at Kansas State University.
The payout to cotton farmers in the bailout’s second round was 33 times the estimated financial impact of tariff disputes with China and other nations, according to the study, published this week in an academic journal.