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Trump's tariffs created a crisis for farmers by driving up costs, destroying export markets, and forcing taxpayers to fund a $12 billion bailout that won't even cover the $44 billion industry loss. This arbitrary protectionist policy amounts to central planning that picks winners through flattery and rent-seeking, leaving farmers worse off than before.
Biden's economy devastated American agriculture with crushing input costs and brutal interest rates, leaving the smallest cattle herd in 75 years. Trump's $12 billion assistance program bridges the gap between Biden's failures and successful new policies that are already bringing prices down and rebuilding confidence across the farming sector.