Source: Mike Dorning, BLOOMBERG, 5/9/20


The Trump administration's $28 billion trade bailout largely overpaid farmers for their losses, with Southern cotton farmers receiving the most outsize 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. The U.S. Department of Agriculture didn't immediately comment on the findings. A spokeswoman for the National Cotton Council said its estimates indicate growers were undercompensated for trade losses.

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