MagicMike
Platinum Member
The chickens are coming home to roost across the heartland of America. As harvest season approaches, our farmers, many of them Trump voters, are looking at a nonexistent market for their crops, especially corn and soybeans as a result of Trump's self imposed trade war.
There is moneÿ built into the budget bill to provide assistance (welfare) to farmers to compensate for the lost revenue from the crops they can't sell so that may save some from bankruptcy. Still, here we go with another case of Trump's rhetoric about "making America Great Again" not matching the reality of the results of his incompetent policies.
“I think the tariffs are the ice cream on the cake of a perfect storm,” said Brown. “When you try and sell a product, okay, U.S. soybeans leaving New Orleans without the tariff to China are cheaper than Brazilian soybeans, at the current market. But when you put the tariff on top of them, Brazilian beans are cheaper.”
What can be done to help farmers?
“In the short term, they have no choice but to mail us a check,” said Brown. “I don’t know a farmer that likes the check program. Nobody wants to take the taxpayer dollars, but nobody wants to go broke, nobody wants to lose everything. Long term, we have to have options, markets, and places to sell our product.”
www.kait8.com
U.S. producers of corn and soybeans have sent dire warnings as prices for their crops have crashed in recent years while President Donald Trump’s trade war whipsaws farmers.
On Thursday, the National Corn Growers Association raised alarms about “the economic crisis hitting rural America, as commodity prices drop at a time when input costs remain at near-record highs.”
Corn prices have plunged more than 50% from their 2022 peak, while production costs are down just 3% in that span, translating to a loss of 85 cents per bushel, the NCGA said, adding that the outlook for next year is worse with even lower prices and higher costs.
The NCGA called on Congress and the Trump administration to boost demand, including via higher blends of ethanol and increased foreign market access.
A week before that, the American Soybean Association sent a letter to Trump, warning that “U.S. soybean farmers are standing at a trade and financial precipice.”
fortune.com
There is moneÿ built into the budget bill to provide assistance (welfare) to farmers to compensate for the lost revenue from the crops they can't sell so that may save some from bankruptcy. Still, here we go with another case of Trump's rhetoric about "making America Great Again" not matching the reality of the results of his incompetent policies.
Tariffs are hurting farmers
Brown said one issue that rounds out all the problems farmers are facing: tariffs.“I think the tariffs are the ice cream on the cake of a perfect storm,” said Brown. “When you try and sell a product, okay, U.S. soybeans leaving New Orleans without the tariff to China are cheaper than Brazilian soybeans, at the current market. But when you put the tariff on top of them, Brazilian beans are cheaper.”
What can be done to help farmers?
“In the short term, they have no choice but to mail us a check,” said Brown. “I don’t know a farmer that likes the check program. Nobody wants to take the taxpayer dollars, but nobody wants to go broke, nobody wants to lose everything. Long term, we have to have options, markets, and places to sell our product.”
‘I have never been as worried as I am now’: Arkansas farmers gather to share concerns
Hundreds of farmers gathered in Brookland to speak with representatives of Arkansas leaders to share with them their urgent plight: the difficulties they face in farming today.
www.kait8.com
U.S. producers of corn and soybeans have sent dire warnings as prices for their crops have crashed in recent years while President Donald Trump’s trade war whipsaws farmers.
On Thursday, the National Corn Growers Association raised alarms about “the economic crisis hitting rural America, as commodity prices drop at a time when input costs remain at near-record highs.”
Corn prices have plunged more than 50% from their 2022 peak, while production costs are down just 3% in that span, translating to a loss of 85 cents per bushel, the NCGA said, adding that the outlook for next year is worse with even lower prices and higher costs.
The NCGA called on Congress and the Trump administration to boost demand, including via higher blends of ethanol and increased foreign market access.
A week before that, the American Soybean Association sent a letter to Trump, warning that “U.S. soybean farmers are standing at a trade and financial precipice.”
Rural America is suffering an economic crisis as crop prices plunge — 'U.S. soybean farmers cannot survive a prolonged trade dispute' | Fortune
"Prices continue to drop and at the same time our farmers are paying significantly more for inputs and equipment."
