From “TruthSocial”
Celebrating results for some of the most loyal, hardworking patriots, AMERICA’S FARMERS! 🇺🇸
“Biden & the Radical Left Dumocrats in Congress crushed farmers with brutal restrictions, crippled you with the worst inflation … by contrast, in my first year back in the Oval Office, average farm incomes for agricultural producers in our country have skyrocketed by more than 20%.” – President Trump 💪
The USDA does project a 20% increase in some farm incomes, but not because of any Trump policy, but rather primarily from increased government payments to offset the harm caused by tariffs. No doubt borrowed money using more federal debt.
Trump can’t help attacking people even when they are no threat to him. And he can’t help lying either. Why would he continue to attack Biden even as he did during his inauguration speech.
“Crippled you with the worst inflation”?
Here are the facts about inflation in the Biden years.
Current Headline Inflation: 3.8% year-over-year. Energy inflation 17.9%
How inflation aligned with the pandemic
2020: Inflation fell initially
- Lockdowns reduced travel, entertainment spending, and overall demand.
- The economy briefly experienced very weak price growth. Average inflation was only about 1.2%.
2021: Inflation accelerated
- Economies reopened.
- Consumers had accumulated savings and stimulus money.
- Supply chains were still disrupted, creating shortages of goods, shipping capacity, and labor.
- Inflation climbed from roughly 1–2% early in the year to around 7% by year-end.
2022: Peak inflation
- Supply-chain problems persisted.
- Energy and food prices rose sharply.
- Demand remained strong while supply struggled to catch up.
- Inflation peaked above 9% year-over-year in June 2022, with the annual average around 8%.
2023–2024: Inflation cooled
- Supply chains normalized.
- Interest rate increases by the Federal Reserve slowed demand.
- Inflation gradually moved closer to the Fed’s 2% target.
Higher tariffs hurt many farmers. So to offset losses, the Trump administration created aid programs through the United States Department of Agriculture. Tens of billions of dollars were distributed to farmers through programs such as the Market Facilitation Program. That’s good policy consistent with lowering deficits?
High energy prices have a direct adverse impact on farmers. This is why farmers and agricultural economists closely watch oil, diesel, natural gas, and electricity prices—they can have a substantial effect on farm profitability and, ultimately, food prices.
So it appears American farmers are being subjected to a lot of…
just like the rest of us.
QUINNSCOMMENTARY 