US Farmers Losing Market Share in China

[Toro]

More evidence that Trump's Trade Taxes are hurting farmers.

Disquiet among farmers grew in June as crop prices fell thanks to benevolent U.S. weather and additional duties expected from China on products like soybeans, for which it is the U.S.’s top customer. The total value of this year’s U.S. corn, soybean and wheat crops dropped about $13 billion, or 10%, in June, said Chris Hurt, an agricultural economist at Purdue University. On Monday, U.S. soybean prices continued their downward spiral, heading toward the lowest level in a decade.

The planned tariffs on U.S. soybean exports come as farmers nationwide have boosted plantings of the crop, betting on the oilseeds to deliver stronger returns than corn during a yearslong slump in the farm economy.

For farmers like Mr. Smith, who grows corn and soybeans on 1,500 acres in Cotton Plant, Ark., the 16% decline in soybean prices alone translates into a nearly $100 per-acre drop in the value of his crop. “That’s $100,000 that has disappeared into thin air,” he said. “We were already in the red, and now it’s even worse.”

Researchers at the University of Illinois and Ohio State University estimate that over four years, a 25% tariff on U.S. soybean imports by Beijing would result in an average 87% decline in income for a midsize Illinois grain farm. The loss would pressure farmland prices, they say, prompting a more than $500,000 decline in the farm’s net worth by 2021.​

Trade Fight Threatens Farm Belt Businesses

As soybeans hit a 10-year low.

Soybean prices fell to the lowest point in almost a decade on Monday, as looming Chinese tariffs threatened to kill off demand from the U.S.’s largest customer.

Futures for July fell 1.2% to $8.48 1/2 a bushel at the Chicago Board of Trade, the lowest close since March 2009.

The market tumbled 15% in June as soybeans, which became a crucial cash crop for beleaguered American farmers in recent years, got caught up in a trade dispute between China and the U.S.

Beijing said it plans to introduce tariffs on U.S. soybean imports starting Friday, part of a package of measures retaliating against the Trump administration’s own threatened duties against hundreds of billions of dollars worth of Chinese goods. Soybean buyers in China—the world’s largest consumer of oilseed, which gobbles up around a third of all the U.S.-grown crop—have sharply slowed their purchases in anticipation of the duties.​

Soybeans Tumble Near 10-Year Low

They think that having a 300 billion dollar a year surplus is a good thing for them.


THey are fighting to keep it.


They are benefiting from selling more to US then they buy. It gets them vast wealth with which to build their country.


They get that vast wealth from US. At our expense.

Your "trade surplus" argument is false because it misunderstands basic economics.

There is absolutely no correlation whatsoever to the rate of growth and trade balances.

But there is a ton of evidence that countries that are more open to trade grow faster.

That's because countries often try left-wing mercantilist anti-trade policies, making the same arguments you and Donald Trump make. Then, after a couple of decades of leftist economic failures, they change to free-market capitalism.

Most countries have had a trade surplus with the United States over the past 50 years. Yet most countries have not grown as fast as the US during that time.

 

[Correll]

They think that having a 300 billion dollar a year surplus is a good thing for them.


THey are fighting to keep it.


They are benefiting from selling more to US then they buy. It gets them vast wealth with which to build their country.


They get that vast wealth from US. At our expense.

Your grocery store gets vast wealth at your expense every time you shop there, they think having a surplus with you is good.

You need to stop letting them do that to you, stand up for yourself and demand they start to buy things from you instead of you just buying from them all the time.

How can you let this injustice stand?


Sent from my iPhone using USMessageBoard.com

All you just did there, was show that you can make a bad analogy.

Actually it is the perfect analogy. We have a trade deficit because we the people choose to buy things from other countries, the very same reason you have a trade deficit with your grocery store, you choose to buy things from them.


Sent from my iPhone using USMessageBoard.com

1. Where is the analogy for the internal production?

2. Where is the analogy for the unfair competition that the grocery store is using to uncut the internal production?

3. Where is the analogy for the middle man making money off the trade?

4. Where is the analog for the lose of revenue to the buyer, by the whole sale act of everyone going to that grocery store?

5. Where is the analogy for some one in charge of the house hold, who's job it is to regulate and order the market to prevent such abuses, who is drunk and passed out in the garage?

6. Where is the analogy for the fact that the grocery shopping is being done on a credit card and is unsustainable?


All you did, was show that you can make bad analogies.

Your analogies are all bad analogies.

Be that as it may, do you have anything to say relevant to what was being discussed in the post you replied to?

 

[Correll]

More evidence that Trump's Trade Taxes are hurting farmers.

Disquiet among farmers grew in June as crop prices fell thanks to benevolent U.S. weather and additional duties expected from China on products like soybeans, for which it is the U.S.’s top customer. The total value of this year’s U.S. corn, soybean and wheat crops dropped about $13 billion, or 10%, in June, said Chris Hurt, an agricultural economist at Purdue University. On Monday, U.S. soybean prices continued their downward spiral, heading toward the lowest level in a decade.

The planned tariffs on U.S. soybean exports come as farmers nationwide have boosted plantings of the crop, betting on the oilseeds to deliver stronger returns than corn during a yearslong slump in the farm economy.

For farmers like Mr. Smith, who grows corn and soybeans on 1,500 acres in Cotton Plant, Ark., the 16% decline in soybean prices alone translates into a nearly $100 per-acre drop in the value of his crop. “That’s $100,000 that has disappeared into thin air,” he said. “We were already in the red, and now it’s even worse.”

Researchers at the University of Illinois and Ohio State University estimate that over four years, a 25% tariff on U.S. soybean imports by Beijing would result in an average 87% decline in income for a midsize Illinois grain farm. The loss would pressure farmland prices, they say, prompting a more than $500,000 decline in the farm’s net worth by 2021.​

Trade Fight Threatens Farm Belt Businesses

As soybeans hit a 10-year low.

Soybean prices fell to the lowest point in almost a decade on Monday, as looming Chinese tariffs threatened to kill off demand from the U.S.’s largest customer.

Futures for July fell 1.2% to $8.48 1/2 a bushel at the Chicago Board of Trade, the lowest close since March 2009.

The market tumbled 15% in June as soybeans, which became a crucial cash crop for beleaguered American farmers in recent years, got caught up in a trade dispute between China and the U.S.

Beijing said it plans to introduce tariffs on U.S. soybean imports starting Friday, part of a package of measures retaliating against the Trump administration’s own threatened duties against hundreds of billions of dollars worth of Chinese goods. Soybean buyers in China—the world’s largest consumer of oilseed, which gobbles up around a third of all the U.S.-grown crop—have sharply slowed their purchases in anticipation of the duties.​

Soybeans Tumble Near 10-Year Low

They think that having a 300 billion dollar a year surplus is a good thing for them.


THey are fighting to keep it.


They are benefiting from selling more to US then they buy. It gets them vast wealth with which to build their country.


They get that vast wealth from US. At our expense.

Your "trade surplus" argument is false because it misunderstands basic economics.

There is absolutely no correlation whatsoever to the rate of growth and trade balances.

But there is a ton of evidence that countries that are more open to trade grow faster.

That's because countries often try left-wing mercantilist anti-trade policies, making the same arguments you and Donald Trump make. Then, after a couple of decades of leftist economic failures, they change to free-market capitalism.

Most countries have had a trade surplus with the United States over the past 50 years. Yet most countries have not grown as fast as the US during that time.

Support your claim that there is no correlation between trade surpluses and rate of growth.

 

[Harpy Eagle]

More evidence that Trump's Trade Taxes are hurting farmers.

Disquiet among farmers grew in June as crop prices fell thanks to benevolent U.S. weather and additional duties expected from China on products like soybeans, for which it is the U.S.’s top customer. The total value of this year’s U.S. corn, soybean and wheat crops dropped about $13 billion, or 10%, in June, said Chris Hurt, an agricultural economist at Purdue University. On Monday, U.S. soybean prices continued their downward spiral, heading toward the lowest level in a decade.

The planned tariffs on U.S. soybean exports come as farmers nationwide have boosted plantings of the crop, betting on the oilseeds to deliver stronger returns than corn during a yearslong slump in the farm economy.

For farmers like Mr. Smith, who grows corn and soybeans on 1,500 acres in Cotton Plant, Ark., the 16% decline in soybean prices alone translates into a nearly $100 per-acre drop in the value of his crop. “That’s $100,000 that has disappeared into thin air,” he said. “We were already in the red, and now it’s even worse.”

Researchers at the University of Illinois and Ohio State University estimate that over four years, a 25% tariff on U.S. soybean imports by Beijing would result in an average 87% decline in income for a midsize Illinois grain farm. The loss would pressure farmland prices, they say, prompting a more than $500,000 decline in the farm’s net worth by 2021.​

Trade Fight Threatens Farm Belt Businesses

As soybeans hit a 10-year low.

Soybean prices fell to the lowest point in almost a decade on Monday, as looming Chinese tariffs threatened to kill off demand from the U.S.’s largest customer.

Futures for July fell 1.2% to $8.48 1/2 a bushel at the Chicago Board of Trade, the lowest close since March 2009.

The market tumbled 15% in June as soybeans, which became a crucial cash crop for beleaguered American farmers in recent years, got caught up in a trade dispute between China and the U.S.

Beijing said it plans to introduce tariffs on U.S. soybean imports starting Friday, part of a package of measures retaliating against the Trump administration’s own threatened duties against hundreds of billions of dollars worth of Chinese goods. Soybean buyers in China—the world’s largest consumer of oilseed, which gobbles up around a third of all the U.S.-grown crop—have sharply slowed their purchases in anticipation of the duties.​

Soybeans Tumble Near 10-Year Low

They think that having a 300 billion dollar a year surplus is a good thing for them.


THey are fighting to keep it.


They are benefiting from selling more to US then they buy. It gets them vast wealth with which to build their country.


They get that vast wealth from US. At our expense.

Your grocery store gets vast wealth at your expense every time you shop there, they think having a surplus with you is good.

You need to stop letting them do that to you, stand up for yourself and demand they start to buy things from you instead of you just buying from them all the time.

How can you let this injustice stand?


Sent from my iPhone using USMessageBoard.com

All you just did there, was show that you can make a bad analogy.

Actually it is the perfect analogy. We have a trade deficit because we the people choose to buy things from other countries, the very same reason you have a trade deficit with your grocery store, you choose to buy things from them.


Sent from my iPhone using USMessageBoard.com

1. Where is the analogy for the internal production?

2. Where is the analogy for the unfair competition that the grocery store is using to uncut the internal production?

3. Where is the analogy for the middle man making money off the trade?

4. Where is the analog for the lose of revenue to the buyer, by the whole sale act of everyone going to that grocery store?

5. Where is the analogy for some one in charge of the house hold, who's job it is to regulate and order the market to prevent such abuses, who is drunk and passed out in the garage?

6. Where is the analogy for the fact that the grocery shopping is being done on a credit card and is unsustainable?


All you did, was show that you can make bad analogies.

1. You could grow and raise all your own food, that is your internal production. But you choose not to, but to instead buy from the grocery store.

2. The grocery store gets to buy things from wholesalers and suppliers at prices they would not sell to you, there is your "unfair competition".

3. The farmer/rancher grows/raises the food and sells it to a company that then sells it to the grocery store that in turn sells it to you.

4. You go to one grocery store, thus all the other grocery stores lose your revenue.

5. I cannot speak to how you handle your household.

6. It seems here you are conflating our national debt which is a result of the government spending too much and our trade deficit which is the result of you and me and other Americans buying goods from other countries. There is very little correlation between the two.

 

[Indeependent]

More evidence that Trump's Trade Taxes are hurting farmers.

Disquiet among farmers grew in June as crop prices fell thanks to benevolent U.S. weather and additional duties expected from China on products like soybeans, for which it is the U.S.’s top customer. The total value of this year’s U.S. corn, soybean and wheat crops dropped about $13 billion, or 10%, in June, said Chris Hurt, an agricultural economist at Purdue University. On Monday, U.S. soybean prices continued their downward spiral, heading toward the lowest level in a decade.

The planned tariffs on U.S. soybean exports come as farmers nationwide have boosted plantings of the crop, betting on the oilseeds to deliver stronger returns than corn during a yearslong slump in the farm economy.

For farmers like Mr. Smith, who grows corn and soybeans on 1,500 acres in Cotton Plant, Ark., the 16% decline in soybean prices alone translates into a nearly $100 per-acre drop in the value of his crop. “That’s $100,000 that has disappeared into thin air,” he said. “We were already in the red, and now it’s even worse.”

Researchers at the University of Illinois and Ohio State University estimate that over four years, a 25% tariff on U.S. soybean imports by Beijing would result in an average 87% decline in income for a midsize Illinois grain farm. The loss would pressure farmland prices, they say, prompting a more than $500,000 decline in the farm’s net worth by 2021.​

Trade Fight Threatens Farm Belt Businesses

As soybeans hit a 10-year low.

Soybean prices fell to the lowest point in almost a decade on Monday, as looming Chinese tariffs threatened to kill off demand from the U.S.’s largest customer.

Futures for July fell 1.2% to $8.48 1/2 a bushel at the Chicago Board of Trade, the lowest close since March 2009.

The market tumbled 15% in June as soybeans, which became a crucial cash crop for beleaguered American farmers in recent years, got caught up in a trade dispute between China and the U.S.

Beijing said it plans to introduce tariffs on U.S. soybean imports starting Friday, part of a package of measures retaliating against the Trump administration’s own threatened duties against hundreds of billions of dollars worth of Chinese goods. Soybean buyers in China—the world’s largest consumer of oilseed, which gobbles up around a third of all the U.S.-grown crop—have sharply slowed their purchases in anticipation of the duties.​

Soybeans Tumble Near 10-Year Low

They think that having a 300 billion dollar a year surplus is a good thing for them.


THey are fighting to keep it.


They are benefiting from selling more to US then they buy. It gets them vast wealth with which to build their country.


They get that vast wealth from US. At our expense.

Your "trade surplus" argument is false because it misunderstands basic economics.

There is absolutely no correlation whatsoever to the rate of growth and trade balances.

But there is a ton of evidence that countries that are more open to trade grow faster.

That's because countries often try left-wing mercantilist anti-trade policies, making the same arguments you and Donald Trump make. Then, after a couple of decades of leftist economic failures, they change to free-market capitalism.

Most countries have had a trade surplus with the United States over the past 50 years. Yet most countries have not grown as fast as the US during that time.

China is open to trade...and slave labor.
So much for your theory.

 

[IsaacNewton]

Agricultural products is one of America's largest exports, and China is one of America's largest export markets. Trump's Trade War and trade taxes are beginning to hurt in states that supported him in the last election.

The U.S.-China trade spat is cutting into the flow of soybeans, pork and other commodities from U.S. farms to one of the world’s biggest markets.

Since early April, when China announced tariffs on some U.S. agricultural goods and threatened to target others, Chinese importers have canceled purchases of corn and cut orders for pork while dramatically reducing new soybean purchases, according to U.S. Department of Agriculture data. Chinese importers’ new orders of sorghum, a grain used in animal feed, have dwindled while cancellations increased.

The chill in agricultural trade is sending jitters through the U.S. Farm Belt, which for years has dispatched farmers on trade missions to cultivate the Chinese market.

“As the summer persists and if nothing’s been resolved, it will start showing up as a pretty big hole in U.S. exports, ” said Soren Schroder, chief executive of Bunge Ltd., one of the world’s largest processors and traders of soybeans. ...

“If [the Chinese] market closes, it could be devastating for local communities across the Midwest,” Sen. Chuck Grassley (R., Iowa) said in a statement.​

U.S. Farmers Are Already Suffering From Lost Chinese Orders for Corn, Soybeans and Pork

And even if this only lasts the next two years until orang batshit is removed the effects will last a decade.

The devastation of these markets with China will linger and take up to a decade to repair, with some of the markets for particular commodities being completey destroyed as China secures other suppliers who are now happily filling the void left by the US losing share and clout.

Farmers will have Lying Trump to thank for the downfall for years and years.

 

[Correll]

They think that having a 300 billion dollar a year surplus is a good thing for them.


THey are fighting to keep it.


They are benefiting from selling more to US then they buy. It gets them vast wealth with which to build their country.


They get that vast wealth from US. At our expense.

Your grocery store gets vast wealth at your expense every time you shop there, they think having a surplus with you is good.

You need to stop letting them do that to you, stand up for yourself and demand they start to buy things from you instead of you just buying from them all the time.

How can you let this injustice stand?


Sent from my iPhone using USMessageBoard.com

All you just did there, was show that you can make a bad analogy.

Actually it is the perfect analogy. We have a trade deficit because we the people choose to buy things from other countries, the very same reason you have a trade deficit with your grocery store, you choose to buy things from them.


Sent from my iPhone using USMessageBoard.com

1. Where is the analogy for the internal production?

2. Where is the analogy for the unfair competition that the grocery store is using to uncut the internal production?

3. Where is the analogy for the middle man making money off the trade?

4. Where is the analog for the lose of revenue to the buyer, by the whole sale act of everyone going to that grocery store?

5. Where is the analogy for some one in charge of the house hold, who's job it is to regulate and order the market to prevent such abuses, who is drunk and passed out in the garage?

6. Where is the analogy for the fact that the grocery shopping is being done on a credit card and is unsustainable?


All you did, was show that you can make bad analogies.

1. You could grow and raise all your own food, that is your internal production. But you choose not to, but to instead buy from the grocery store.

2. The grocery store gets to buy things from wholesalers and suppliers at prices they would not sell to you, there is your "unfair competition".

3. The farmer/rancher grows/raises the food and sells it to a company that then sells it to the grocery store that in turn sells it to you.

4. You go to one grocery store, thus all the other grocery stores lose your revenue.

5. I cannot speak to how you handle your household.

6. It seems here you are conflating our national debt which is a result of the government spending too much and our trade deficit which is the result of you and me and other Americans buying goods from other countries. There is very little correlation between the two.

1. NO, to be a good analogy, you would need to have a farmer be a member of your houseshold and you put him out of work by going to the store.

2.a. That covers some of the unfair advantage.

2b, but not the out right cheating.


3. No, to be a good analogy, you would have to not go to the store yourself, but send your shifty cousin, who steals from you, so that he is making out, while you are being killed.


4. No, to be a good analogy, the BUYER, the guy going to the store, and other people in his household have to be losing wages because of going to the Grocery store.

5. Your dodge of my point about trade policy is taken as an admission that you know that is a flaw in your analogy.


6. Except that I have repeatedly explained to you, about my concerns about consumer debt. That was you being dishonest. Or incredibly forgetful.

 

[Harpy Eagle]

More evidence that Trump's Trade Taxes are hurting farmers.

Disquiet among farmers grew in June as crop prices fell thanks to benevolent U.S. weather and additional duties expected from China on products like soybeans, for which it is the U.S.’s top customer. The total value of this year’s U.S. corn, soybean and wheat crops dropped about $13 billion, or 10%, in June, said Chris Hurt, an agricultural economist at Purdue University. On Monday, U.S. soybean prices continued their downward spiral, heading toward the lowest level in a decade.

The planned tariffs on U.S. soybean exports come as farmers nationwide have boosted plantings of the crop, betting on the oilseeds to deliver stronger returns than corn during a yearslong slump in the farm economy.

For farmers like Mr. Smith, who grows corn and soybeans on 1,500 acres in Cotton Plant, Ark., the 16% decline in soybean prices alone translates into a nearly $100 per-acre drop in the value of his crop. “That’s $100,000 that has disappeared into thin air,” he said. “We were already in the red, and now it’s even worse.”

Researchers at the University of Illinois and Ohio State University estimate that over four years, a 25% tariff on U.S. soybean imports by Beijing would result in an average 87% decline in income for a midsize Illinois grain farm. The loss would pressure farmland prices, they say, prompting a more than $500,000 decline in the farm’s net worth by 2021.​

Trade Fight Threatens Farm Belt Businesses

As soybeans hit a 10-year low.

Soybean prices fell to the lowest point in almost a decade on Monday, as looming Chinese tariffs threatened to kill off demand from the U.S.’s largest customer.

Futures for July fell 1.2% to $8.48 1/2 a bushel at the Chicago Board of Trade, the lowest close since March 2009.

The market tumbled 15% in June as soybeans, which became a crucial cash crop for beleaguered American farmers in recent years, got caught up in a trade dispute between China and the U.S.

Beijing said it plans to introduce tariffs on U.S. soybean imports starting Friday, part of a package of measures retaliating against the Trump administration’s own threatened duties against hundreds of billions of dollars worth of Chinese goods. Soybean buyers in China—the world’s largest consumer of oilseed, which gobbles up around a third of all the U.S.-grown crop—have sharply slowed their purchases in anticipation of the duties.​

Soybeans Tumble Near 10-Year Low

They think that having a 300 billion dollar a year surplus is a good thing for them.


THey are fighting to keep it.


They are benefiting from selling more to US then they buy. It gets them vast wealth with which to build their country.


They get that vast wealth from US. At our expense.

Your "trade surplus" argument is false because it misunderstands basic economics.

There is absolutely no correlation whatsoever to the rate of growth and trade balances.

But there is a ton of evidence that countries that are more open to trade grow faster.

That's because countries often try left-wing mercantilist anti-trade policies, making the same arguments you and Donald Trump make. Then, after a couple of decades of leftist economic failures, they change to free-market capitalism.

Most countries have had a trade surplus with the United States over the past 50 years. Yet most countries have not grown as fast as the US during that time.

Support your claim that there is no correlation between trade surpluses and rate of growth.

You are the one claiming a correlation, thus you should support it. It is much easier to show support for a correlation than to try and show one does not exist.

 

[edward37]

Agricultural products is one of America's largest exports, and China is one of America's largest export markets. Trump's Trade War and trade taxes are beginning to hurt in states that supported him in the last election.

The U.S.-China trade spat is cutting into the flow of soybeans, pork and other commodities from U.S. farms to one of the world’s biggest markets.

Since early April, when China announced tariffs on some U.S. agricultural goods and threatened to target others, Chinese importers have canceled purchases of corn and cut orders for pork while dramatically reducing new soybean purchases, according to U.S. Department of Agriculture data. Chinese importers’ new orders of sorghum, a grain used in animal feed, have dwindled while cancellations increased.

The chill in agricultural trade is sending jitters through the U.S. Farm Belt, which for years has dispatched farmers on trade missions to cultivate the Chinese market.

“As the summer persists and if nothing’s been resolved, it will start showing up as a pretty big hole in U.S. exports, ” said Soren Schroder, chief executive of Bunge Ltd., one of the world’s largest processors and traders of soybeans. ...

“If [the Chinese] market closes, it could be devastating for local communities across the Midwest,” Sen. Chuck Grassley (R., Iowa) said in a statement.​

U.S. Farmers Are Already Suffering From Lost Chinese Orders for Corn, Soybeans and Pork

And even if this only lasts the next two years until orang batshit is removed the effects will last a decade.

The devastation of these markets with China will linger and take up to a decade to repair, with some of the markets for particular commodities being completey destroyed as China secures other suppliers who are now happily filling the void left by the US losing share and clout.

Farmers will have Lying Trump to thank for the downfall for years and years.

And have no fear the orange ass will walk away with many millions while his broke and out of work supporters pat his back Only in America can a party be so stupid

 

[danielpalos]

 

[william the wie]

With China's massive debt load they will cave the day after the election.