The Trump administration’s $12 billion bailout of American farmers will not help every producer to the same degree, and one corn farmer told NBC News the assistance he will receive isn’t even enough to buy beer.
Jack Maloney says corn farmers will be getting so little in bailout aid that for roughly 200,000 bushels of corn a farmer would get only about $2,000 for their losses.
"That's not even beer money," said the Brownsburg, Indiana, corn and soybean grower.
Maloney has been farming since 1978, and he said farmers are getting angry, telling NBC News that agriculture always tends to be "the butt of all the trade wars."
Maloney said he had already cut back on expenses during the past three years and hasn't taken a paycheck from his farm for more than a year because of tough times before the trade war began. He said the recent tumult has dashed hopes for stabilizing agricultural markets anytime soon.
"We were seeing a little light at the end of the tunnel — the markets were improving a little," he said, "and then this tariff thing happened and this trade war."