
From Food Aid to Dog Chow? How Trump's Cuts Hurt Kansas Farmers.
Conceived by a Kansas farmer and created by President Dwight D. Eisenhower, Food for Peace has sent burlap sacks of grain stamped 'From the American People' to more than four billion people in 150 countries around the world.
Now it is effectively dead.
The program was administered by the U.S. Agency for International Development, which Elon Musk fed 'into the wood chipper' on a weekend in February. Kansas's Republican lawmakers tried to save it but failed to persuade President Trump, who last month proposed cutting the entire 2026 budget for Food for Peace as well as another food aid program dear to Kansans, the McGovern-Dole International Food for Education and Child Nutrition program.
The Trump administration said the programs were inefficient and wasteful, 'with dubious results.'
It was the latest blow to farmers, particularly in Kansas, where about 80 percent of those on the high plains voted for Mr. Trump and agriculture makes up almost half of the state's economy. The president's whipsawing tariffs and cuts to agriculture grants and global food aid have left the state with swollen silos, shrinking markets and volatile prices for crops.
Last year Kansas sold half its annual wheat crop abroad, but those buyers have mostly dried up. At least one big grain broker is now trying to sell Kansas grain that once fed people overseas for use in dog food.
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The general vibe from those I have chatted with is that Musk creating his own political party is the last thing Tesla shareholders want to see. Where is the board of directors here to get this guy under control? However, lost in the sauce today is that the new tax and spending bill signed into law by Trump ends the EV tax credit on Sept. 30. That's further bad news for Tesla, argues William Blair analyst Jed Dorsheimer. "The elimination of the corporate average fuel economy (CAFE) fines requires a reset in expectations," Dorsheimer wrote. "While the $7,500 tax credit is likely to affect demand, the combination of a demand headwind and over $2 billion in profit from regulatory credits at risk may be too much for investors to bear. Unlike the EV tax credit, we expect the reduction in regulatory credit revenue to result in a direct hit to profitability, prompting yet another across-the-board reset to Street models." Tesla is our "stock of the day" on Yahoo Finance's Opening Bid this morning. Tune in around 9:40 am ET here to get some fire analysis! Bloomberg reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data