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Drudge Retort: The Other Side of the News
Friday, March 27, 2020

After providing nearly $26 billion in aid to farmers over the past few years to offset losses from President Trump's trade war with China, the administration now has another giant new pot of money to pass out to them with little or no oversight, courtesy of the $2 trillion coronavirus stimulus package. ... [U]nlike industries such as airlines, hotels and automakers, which have largely or completely shut down, most farms are still operating. And sales of some products in the industry have surged as worried consumers stock up, generating shortages of meat, chicken, eggs and flour.

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In general, farmers have weathered recessions better than other economic groups, because while consumers cut purchases of goods like clothing and change their eating habits to save money, they always need food. This downturn is fundamentally different from others in many ways, but Wall Street analysts are issuing bullish predictions for parts of the agriculture industry based on the surge in demand for products like beef and chicken.

"Meat is flying off the shelves" wrote Ken Goldman, an analyst at Goldman Sachs, who upgraded the stocks of Tyson and Sanderson Farms, two major chicken and meat producers.

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Farm aid sounds so much better than food shortages. What a country.

#1 | Posted by LesWit at 2020-03-27 11:19 PM | Reply

FFuk the homeless!

#2 | Posted by lfthndthrds at 2020-03-27 11:56 PM | Reply

Buying votes.

#3 | Posted by snoofy at 2020-03-27 11:59 PM | Reply

This hoax is getting expensive.

#4 | Posted by bored at 2020-03-28 02:06 AM | Reply | Funny: 1

But there were articles a couple months ago that US Ag was going through a rough period and suicides were spiking in that industry..
Now they're okay?
I'm sure there are plenty other funding destinations more worthy of being angry at - this $2T measure passed the senate 96-0 - there has to be some dark and disturbing connections with it it

#5 | Posted by GOnoles92 at 2020-03-28 03:15 AM | Reply

My only issue is we can bet 99% of this money will go to corporate farms and not small family farms. As pointed out corporate farms are surging while family farms are always struggling.

#6 | Posted by TaoWarrior at 2020-03-28 07:15 AM | Reply

Considering how many farmers that went belly up during the tariff wars he might as well hand it to the banks.

#7 | Posted by RightisTrite at 2020-03-28 07:28 AM | Reply

And yet every one of them likely still maintains they're self-made. Examples of how a person should be without no stinkin' help from the gubment!

#8 | Posted by jpw at 2020-03-28 11:54 AM | Reply

If food is flying off the shelf faster than it can be restocked, then surely they will need to work more to increase supply.

Also, since many here claim that "undocumented" work largely if not primarily in agriculture, doesn't this help them out?

#9 | Posted by sentinel at 2020-03-28 12:31 PM | Reply

Amazing how, in The Banana Republic of Trumpistan, national healthcare and helping the poor is "socialism," but raw bribery to farmers and corporations is OK.

#10 | Posted by e1g1 at 2020-03-28 01:15 PM | Reply | Newsworthy 1

"This has Orange splattered all over it!"

- Flappy

#11 | Posted by SheepleSchism at 2020-03-28 01:30 PM | Reply

FFuk the homeless!

#2 | Posted by lfthndthrds

At least from farmers we are getting food.

What do we get from the homeless besides feces in the street and junkies?

#12 | Posted by boaz at 2020-03-28 03:26 PM | Reply

"What do we get from the homeless besides feces in the street and junkies?"

What do we get from Boaz aside from dead Iraqi men, women, and children?

#13 | Posted by snoofy at 2020-03-28 03:28 PM | Reply

Not to mention the drain on taxpayers to pay and insure boazo. A man who creates nothing but misery for himself and humanity. Ouch.

#14 | Posted by Effeteposer at 2020-03-28 03:43 PM | Reply

So now food sales are 'trickling down' to the farmers?

#15 | Posted by MSgt at 2020-03-29 11:34 AM | Reply

No wonder you think trickle down works.

You think it refers to people selling the things they produce.

#16 | Posted by jpw at 2020-03-29 12:20 PM | Reply

No wonder you think trickle down works.

You think it refers to people selling the things they produce.

#16 | POSTED BY JPW AT 2020-03-29 12:20 PM | FLAG: No, just making a facetious remark as just because just because food sales are up, implication was that farmers are making more money which is totally fallacious.

#17 | Posted by MSgt at 2020-03-30 08:45 PM | Reply

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