President Joe Biden is handing out what could be $600 billion in student loan forgiveness just before an election. Critics argue about its fairness, and it will make some voters happy and others unhappy. There are similar contradictions in the allocation of money to agriculture. USDA Secretary Tom Vilsack is figuring out how to allocate $3.1 billion in loan forgiveness to farm loan borrowers, but to skew the assistance to farmers of color. An overt attempt at forgiveness based on skin color was struck down by the courts.  The focus is on farm operations that are distressed and at risk, a status that doesn’t depend on skin color. Some of these operations are said to have been at risk before the pandemic, and like the now extended...

TAGS – North America, Macroeconomics