• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

DOGE slashes nearly $1M for alpaca farming in Peru, other questionable grants in latest wasteful spending cut

by March 5, 2025
by March 5, 2025

The Department of Government Efficiency (DOGE) on Tuesday announced the cancelation of $4.5 million in grants, including one for alpaca farming in Peru, another for reducing social discrimination of recyclers in Bolivia and another for promoting cultural understanding of Venezuelan migrants in Brazil.

The Inter-American Foundation, an agency given a $60 million budget to issue foreign grants, was reduced to its statutory minimum — one active employee, according to a statement from DOGE. 

Grants that were canceled in the process included $903,811 for alpaca farming in Peru, $364,500 to reduce social discrimination against recyclers in Bolivia, and $323,633 to promote cultural understanding of Venezuelan migrants in Brazil, according to DOGE.

Other big ticket grants that were slashed included $813,210 for vegetable gardens in El Salvador, $731,105 to improve the marketability of mushrooms and peas in Guatemala, $677,342 to expand fruit and jam sales in Honduras, $483,345 to improve artisanal salt production in Ecuador and $39,250 for beekeeping in Brazil.

DOGE, led by Elon Musk, is a temporary organization within the White House created via executive order earlier this year.

President Donald Trump tasked the organization with optimizing the federal government, streamlining operations, and slashing spending — and gave them just 18 months to do it.

As of March 4, DOGE’s website claims 2,334 contract terminations totaling $8 billion in savings, 3,489 grant terminations for roughly $10 billion in savings, and 748 lease terminations totaling about $660 million in lease savings.

It also claims to have saved about $105 billion from a ‘combination of fraud detection/deletion, contract/lease cancelations, contract/lease renegotiation, asset sales, grant cancelations, workforce reductions, programmatic changes and regulatory savings.’

DOGE critics allege the organization has too much access to federal systems and should not be permitted to cancel federal contracts or make cuts at various agencies.

It canceled numerous diversity, equity and inclusion (DEI) initiatives at federal agencies, consulting contracts, leases for underused federal buildings, and duplicate agencies and programs.

The Inter-American Foundation did not immediately respond to Fox News Digital’s request for comment on Tuesday.

Fox News Digital’s Eric Revell contributed to this report.

This post appeared first on FOX NEWS

0 comment
0
FacebookTwitterPinterestEmail

previous post
Conservatives flip script on Senate Dems pushing identical talking points against Trump: ‘Like robots’
next post
‘She’s really this dumb’: House Dem ripped after calling Trump ‘enemy of the United States’

Related Posts

Hashtag Handcuffs: The Global Rise of Online Speech...

December 8, 2025

Saudi Arabia Didn’t Learn Anything From China’s ‘Ghost...

December 8, 2025

Chechen leader threatens Zelenskyy amid drone strike, echoes...

December 8, 2025

Trump’s Kennedy Center Honors overhaul delivers star-studded lineup,...

December 8, 2025

Congress unveils $900B defense bill targeting China with...

December 8, 2025

Teenage cancer patient’s final fight becomes law as...

December 7, 2025

State-level AI rules survive — for now —...

December 7, 2025

DAVID MARCUS: Trump’s aggression toward Venezuela a warning...

December 7, 2025

Rosie O’Donnell’s Trump obsession continues unabated from Ireland...

December 7, 2025

Judge rules evidence linked to James Comey’s ally...

December 7, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Why Trump-branded investments are collapsing, and what the market is pricing in now 

    December 8, 2025
  • What’s driving the sudden cocoa pile-up at Ivory Coast’s busiest ports?

    December 8, 2025
  • Apple stock under pressure after major executive departures: what it means for AAPL’s AI roadmap

    December 8, 2025
  • Morning brief: Trump flags Netflix–WBD deal concerns; Japan’s GDP contracts

    December 8, 2025
  • India moves to open nuclear power sector to private investment

    December 8, 2025
  • IndiGo stock slumps 7%: analysts warn rising costs could weigh on stock

    December 8, 2025

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (3,437)
  • Editor's Pick (350)
  • Investing (225)
  • Stock (2,338)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

How Long Could That $1.8 Billion Powerball...

September 16, 2025

Deporting Millions Won’t Boost the Economy —...

July 11, 2025

Trump says he could deploy US military...

October 29, 2025