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Farmers Better Off Under Biden Than Under Trump

John Tsitrian highlights data from the Farm Bureau and the USDA showing that net farm income under President Biden’s Administration has boomed back out of its Trump-era crater and is exceeding even the record highs set during the Obama years:

Daniel Munch, "2023 USDA Farm Income Forecast Erases 2022 Gains," American Farm Bureau Federation: Market Intel, 2023.02.08.
Daniel Munch, “2023 USDA Farm Income Forecast Erases 2022 Gains,” American Farm Bureau Federation: Market Intel, 2023.02.08.

Tsitrian knows it will be hard to convince Trump-loving farmers that they are much better off under President Biden than they were four years ago, but Tsitrian keeps trying:

As you might expect, the Biden administration’s Dept. of Agriculture earlier this year delivered a favorable recap of Biden policies that have influenced the rising economic fortunes of farmers. Republicans might have reason to scoff at the report’s conclusions, but facts are difficult to challenge. The reality is that Biden’s approach has made a substantial difference to farmers who’d been struggling under Trump. During those years farmers were depending on billions of dollars in market mitigation payments from his administration to make ends meet.

That kind of support hasn’t been necessary since Biden was inaugurated. For one thing, American farmers have re-connected to foreign markets, with their 2022 sales rising to a record high of $196 billion. This helped push average farm incomes to $110,600, an 8.9% increase over 2021. Overall net income in 2022 was $160 billion, far exceeding even Trump’s best year, 2020, when overall income was just $95 billion. That number jumped to $119 billion during Biden’s first year, 2021, before hitting the ‘22 record.

Even if you factor in the inflation of the past couple of years and consider the expected falloff this year, farmers are making significantly more money under Biden than they ever did during the Trump years [John Tsitrian, “As Biden Declares for ’24, Consider That Farm States Like S.D. Have Gained Much Since 2020. Will It Matter?South Dakota Standard, 2023.04.26].

Hey, Republican corporate farmers: you don’t have to go back to your McGovern roots to support a second term for President Biden. You just have to look at your bottom line and admit a simple not-at-all uncomfortable fact: you are better off than you were four years ago.

12 Comments

  1. Mark Anderson 2023-04-26 12:30

    Larry, loved the socialized cheese. You can’t buy it anywhere. Farmers used to be Democrats. Ranchers are always Repubs. Now with so many farmers claiming to be ranchers (right Kristi) it’s a hard sell. The old white boys like to be pissed off, it’s in their nature. Maybe their wives will smile and vote for Democrats to get their own rights back.

  2. P. Aitch 2023-04-26 12:49

    Truth Is: It doesn’t matter who SD votes for. It matters who the rest of us vote for because the rest of us Democrats vote in the best interest of SD.

  3. Donald Pay 2023-04-26 13:25

    That data comes from the American Farm Bureau Federation. There ain’t nothing as Republican-leaning as the Farm Bureau. The data show that Trump was a disaster for farmers, and it was only the Trump socialism that kept most farmers (and Midwest banks) from going belly up. Also, thank China for the last couple years of the improved agricultural economy in the US. China has vastly increased its imports across most commodities. Of course, the Ukraine war has had an impact, too.

    https://www.fas.usda.gov/data/record-us-fy-2022-agricultural-exports-china

  4. grudznick 2023-04-26 17:04

    Non-news.
    C’mon, Mr. H. C’mon, Man. Nobody was better off under Trump than not under Trump except Mr. Trump hisownself.

  5. Bob Newland 2023-04-26 18:26

    grudznutz was better off under trump, cuz grudznutz is lower than a dead possum’s belly.

  6. Mark Anderson 2023-04-26 19:03

    Come on grudz, trump lies like the rug con man he is. His fans believe him. It’s because they admire his attitude. They know he’s a lying sob but he’s their lying sob.

  7. cibvet 2023-04-27 01:24

    Farmers– Ask anyone of them and it is to dry, then it rains and it is to wet. Never just right!!
    Under trump made no money, paid no taxes, under Biden, made money so now have to pay taxes. Never just right!!
    Since they may have to pay taxes, unlikely they will vote Biden.

  8. P. Aitch 2023-04-27 09:47

    @ John – Thank you for recognizing Colorado’s efforts to help people help themselves. I know it’s tedious for Cory’s readers to read my examples of why I love living here. OK. One more. lol
    As John’s link shows Colorado has also passed a law to give disabled people the right to repair their own ECV’s (electric conveyance vehicles) aka electric wheelchairs and four-wheel scooters. Repair manuals must be provided online. People can hire their own repair technicians and purchase parts from anywhere they choose.

  9. Nick Nemec 2023-04-27 12:54

    As possibly the only farmer on this comment thread I can attest that the for the last two years my income after expenses and taxes is the highest it has ever been. The Biden years are proving to be the “good old days” for this South Dakota farmer, Trump was a disaster and the only thing that kept many of us afloat during Trump’s tenure was record government farm payments. Joe Biden is the farmer’s friend, Trump is a bumbling idiot whose tariffs (i.e. higher taxes) were the worst idea in generations. Everything Trump touched turned to feces. These are the cold hard facts and I’m not afraid to explain it to any MAGA hatted idiot who can sit still long enough to listen.

  10. Mark Anderson 2023-04-28 12:31

    You’ve got it Nick, the tariffs were totally done so the conner trump could look like he was being tough on China. Of course he was wreaking markets and costing Americans billions. He made Farmers take welfare and nothing more. It was the worst example of government overreach by a President from a party that decries government involvement. It’s made the Republican Party into an indecipherable mess. That’s good at least. This is to a great farmer outstanding in their field. Sorry, couldn’t resist that.

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