Trump's tariffs leading to welfare farming
- Thread starter MagicMike
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Conservative from Georgia
Diamond Member
- Oct 24, 2018
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Uh-oh. Unintended consequences.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.
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."fortune.com
kyzr
Diamond Member
Tariffs can pay the farm subsidies, better than paying them "welfare" not to grow.
I don't see any other way to lower grocery bills, farmers have to get paid less.
Winston
Platinum Member
I mean you guys are just stupid. So, Trump didn't really raise the tariffs. He merely "leveled the playing field". Those other countries put tariffs on American goods, he puts them on their goods. So, not his fault. But, when the other countries react to Trump tariff's with tariffs of their own, well it is their fault, not Trumps. Then there is the passing along of those tariff costs. Those tariffs are paid by companies, not people, and those companies will not pass those cost on to consumers. But, when it comes to a corporate tax, those corporations will pass those costs on to consumers. I mean you guys twist yourself into pretzels to rationalize Trump's actions.
Actions have consequences. Trump and his administration are just not qualified to properly evaluate those consequences. Nothing demonstrates this more than the soybean market. Prior to Trump's initial tariffs in 2018, the United States supplied one third of China's soybean imports. At that time soybeans accounted for 30% of all harvested cropland in the United States. More importantly, soybeans accounted for half, HALF, of all bulk agricultural exports from the United States.
Now, fast forward to 2025. Brazil accounts for 70% of Chinese soybean imports. We virtually handed that market over to Brazil. Even if the trade war ends, all tariffs are eliminated, we are not going to get that Chinese market back. Today, soybeans are still the most valuable agricultural commodity exported, but at 14% it is a far cry from HALF. I mean the numbers are eye popping.
And I know, well those farmers can just grow another crop. Again, sheer ignorance. Sure they can. Most people think that a farmer plants a crop, harvests it, and sells it, once a year. That is not the way it works. You have to run at least two crops a year. My family's farm cycled five through two years. You grow soybeans because soybeans put nitrogen back into the soil through a process called nitrogen fixation. This decreases the need for chemical fertilizers in the crops that follow. It is not just the money you make selling those soybeans, it is the money you save in input costs for future crops in the same field.
Winston
Platinum Member
Winston
Platinum Member
You link to an article five years old? Seriously? China did not meet the phase one targets.
Well yeah because I was discussing the record purchase of soybeans that happened five years ago after the 2018 tariffs
Winston
Platinum Member
Your article concerned the phase one agreement which China did not keep. Purchases were higher in tonnage in 2016/17, dollar value was higher in 2021/2022 and 2022/2023 as the chart I posted clearly documents.
Correct they got Biden elected and knew they didn’t have to follow through
Winston
Platinum Member
Are you for real. Can you not read a simple chart? We exported more dollars in soybeans to China in the first two years of the Biden administration. Yes, Biden made a mistake, he should have lifted the tariffs on Chinese imports. All China was doing was investing in the Brazilian market and now they are capitalizing on that investment and American farmers are paying a high price.
I can, hence why I agree xiden made massive mistakes…here is one of them, trump gave him a deal with record soybean purchases China and he blew it
Winston
Platinum Member
WTF? How did he blow it, he didn't change it. You are absolutely delusional. I mean I don't get it. Trump hasn't delivered on any of his promises. Has he brought down grocery prices. Nope. Has he created jobs, look at today's job report release. Nope. The war in Ukraine, you know, the one he was supposed to end. Nope, that whole Putin come to Alaska to feed Trump some of his dick turned up nothing, ******* nothing. Massive deportations of criminals, nope, not even ******* close. Nope, deporting grandmas that raised productive American citizens and have lived here without committing crimes for decades. Inflation, nope, nothing, and it is just starting to heat up.
There is no doubt, Trump will go down as the worst president in American History. He makes Buchanan look like a damn genius. And his staff, OMG, what a damn clown show. Jeanine Ferris Pirro, she can't indite a ham sandwich. I mean wow, what a level of incompetence. Pam Bondi, what a shit show. Noem, a ******* idiot. Hegseth, destroying the American military with his total incompetence. Kennedy, killing people with his ignorance, literally.
MAGA has turned into Make America the laughing stock of the world.
Unkotare
Diamond Member
- Aug 16, 2011
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That's stupid, even for you.
justoffal
Diamond Member
- Jun 29, 2013
- 38,378
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Other markets will emerge....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.
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.
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."
Other uses will be found for the products.....
The trade off is a significant reduction in the national debt which will benefit everyone including those mentioned farmers.
Progress always comes with sacrifice.
kyzr
Diamond Member
Just saw that Thune wants some assistance for farmers since China canceled its soybean orders.
Trump should be able to work/negotiate some deal to make farmers whole.
justoffal
Diamond Member
- Jun 29, 2013
- 38,378
- 31,308
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Soybean oil is a massive market.
It can be used in hundreds of different ways.
Although from my research it's not particularly good for humans to consume. In fact soybean products in general are considered to be rather unhealthy for consumption.
The restaurant industry has been crying about it's supply costs.... We have an opportunity here to kill two birds with one stone.
In the future perhaps American entrepreneurs should be more careful about building entire markets around foreign customers such as they did with China and soybeans.
Jo
Mac-7
Diamond Member
- Oct 9, 2019
- 88,742
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China needs America more than we need them
This is war
And the innocent always suffer
But farmers always suffer
When the weather is good the field price of their crop goes down due to over supply
When the weather is bad the price goes up but they have little or no crop to sell
Trump wants America to make things in America
Libs simply cannot understand why trade with china is bad
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