Dairy farming, tariffs, and Trump’s “12 billion dollar crutches”

Farming has always been an uncertain business. Weather and the price-taking nature of being small relative to large commodity markets lead to feast or famine. The Trump Trade War and today’s palliative farm subsidies to farmers harmed by Trump’s tariffs¬†combine with pre-existing subsidies to amplify that underlying boom and bust cycle, imposing high costs on … More Dairy farming, tariffs, and Trump’s “12 billion dollar crutches”