I have to scratch my head and wonder how these farmers can still stand behind a president whose policies are so bad that they are hurting them to the point of bankruptcy.Farmers nearing crisis push back on Trump trade policies
President Donald Trump’s trade war is magnifying some of the toughest farm conditions since the crisis that bankrupted thousands of farmers in the 1980s — and threatening a constituency crucial to his reelection hopes.
The president’s trade policies have sent U.S. agricultural exports plunging, exacerbating already difficult economic conditions facing farmers. Average farm income has fallen to near 15-year lows under Trump, and in some areas of the country, farm bankruptcies are soaring.
The fate of the farm economy and rural America is fused to Trump’s political future. Farmers and ranchers make up the heart of his base, and their support in battleground Midwestern states like Iowa and Wisconsin could help determine the 2020 presidential election. Although Trump’s standing with those groups generally remains strong, cracks are starting to show.
I have to scratch my head and wonder how these farmers can still stand behind a president whose policies are so bad that they are hurting them to the point of bankruptcy.
I have to scratch my head and wonder how these farmers can still stand behind a president whose policies are so bad that they are hurting them to the point of bankruptcy.
I have to scratch my head and wonder how these farmers can still stand behind a president whose policies are so bad that they are hurting them to the point of bankruptcy.
Actually, the Democrats are the natural constituency for farmers. However, they have been convinced, with a lot of help from right-wing radio and Fox, to vote for the party that works against their interests and least likely to protect their jobs, income, healthcare, and safety.As bad as this is going to sound... those who live on farming, ranching, in rural communities, etc. have no where else to go politically.
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I have to scratch my head and wonder how these farmers can still stand behind a president whose policies are so bad that they are hurting them to the point of bankruptcy.
I have to scratch my head and wonder how these farmers can still stand behind a president whose policies are so bad that they are hurting them to the point of bankruptcy.
I live in a rural farming community. Two things, one, farmers are not near crisis in most of the Midwest. Two, neither side has done farmers many favors over the last few decades, other than perhaps some stability and allowing Midwest reps and Senators to draft a solid farm bill.
The OP story is filled with hyperbole. Futures have slowly been on the way back up as the Chinese have been making negotiations and buying grains as needed with the trade agreements being reached. Its a giant argument to emotion.
Really? You don't understand? You are underestimating the extent some on the right will go to try to insure any dem gets elected anywhere. The right hates progressive ideas. They will defend the practices that are putting them into that position rather than elect a democrat. Now the government they say they hate is offering them handouts, welfare...but they deserve it for some crazy reason and others don't.
I live in a rural farming community. Two things, one, farmers are not near crisis in most of the Midwest. Two, neither side has done farmers many favors over the last few decades, other than perhaps some stability and allowing Midwest reps and Senators to draft a solid farm bill.
The OP story is filled with hyperbole. Futures have slowly been on the way back up as the Chinese have been making negotiations and buying grains as needed with the trade agreements being reached. Its a giant argument to emotion.
Actually, the Democrats are the natural constituency for farmers. However, they have been convinced, with a lot of help from right-wing radio and Fox, to vote for the party that works against their interests and least likely to protect their jobs, income, healthcare, and safety.
Farmers, like everyone else, require security in their lives. Do you really think farmers are going to get security from Republicans, who are primarily interested in giving tax cuts to corporations and billionaires while cutting safety and environmental regulations?
I have to scratch my head and wonder how these farmers can still stand behind a president whose policies are so bad that they are hurting them to the point of bankruptcy.
Because like Trump they're always looking for a better deal.
Maybe someone should explain to Farmer Bob & Co. the purpose of the tariffs against China.
Besides the general economic stuff, China has, up until now, been allowed to get away with IP theft, cyber-espionage and HUMINT espionage regarding American military and corporate secrets FOR DECADES. Trump is punishing them and demanding they crack down in return for easing of the punishment.
.Maybe someone should explain to Farmer Bob & Co. the purpose of the tariffs against China.
Besides the general economic stuff, China has, up until now, been allowed to get away with IP theft, cyber-espionage and HUMINT espionage regarding American military and corporate secrets FOR DECADES. Trump is punishing them and demanding they crack down in return for easing of the punishment.
I don't know where you live but I work with farmers everyday here in Wisconsin and that is nowhere near what I hear...
"both sides" everybody drink.
I have to scratch my head and wonder how these farmers can still stand behind a president whose policies are so bad that they are hurting them to the point of bankruptcy.
Any business reporter with a brain knows that those small tariffs had nothing to do with bankruptcies that occurred in 2018. Those farmers had to be struggling with too much debt for years, and they finally threw in the towel to do a bankruptcy workout program. So the tariffs absolutely did not cause the bankruptcies in 2018.
It is the debt that caused the problem, not a minor decrease in prices in 2018. Farmers also had record corn and soybean production and yields in 2018. The extra yield would have helped. Has the WSJ attempted to determine how much of the price decrease is related to extra yield and inventory, or are these people so wedded to blaming Trump for the tariffs that they don't care?
If the WSJ would like to blame anyone for the higher bankruptcies in 2018, why doesn't it blame the Federal Reserve? The Federal Reserve kept interest rates artificially low for years, which encouraged farmers and others to chase up the price of risk assets, like farmland, to higher values than the crop prices and rent prices would otherwise support
Any business reporter with a brain knows that those small tariffs had nothing to do with bankruptcies that occurred in 2018. Those farmers had to be struggling with too much debt for years, and they finally threw in the towel to do a bankruptcy workout program. So the tariffs absolutely did not cause the bankruptcies in 2018.
It is the debt that caused the problem, not a minor decrease in prices in 2018. Farmers also had record corn and soybean production and yields in 2018. The extra yield would have helped. Has the WSJ attempted to determine how much of the price decrease is related to extra yield and inventory, or are these people so wedded to blaming Trump for the tariffs that they don't care?
If the WSJ would like to blame anyone for the higher bankruptcies in 2018, why doesn't it blame the Federal Reserve? The Federal Reserve kept interest rates artificially low for years, which encouraged farmers and others to chase up the price of risk assets, like farmland, to higher values than the crop prices and rent prices would otherwise support
Agriculture.com: HERE’S WHAT’S HAPPENED TO SOYBEAN EXPORTS SINCE TARIFFS
The implementation of tariffs on Chinese goods and the subsequent retaliation led to an adjustment of trade flows in world soybean markets over the last few months. As the tariffs went into effect, a price gap opened between Brazilian and U.S. export prices. The gap continually widened when comparing an index of soybean prices at the port of Paranagua and New Orleans prices since early June. The gap reached its broadest level late last week at an approximately $1.90-per-bushel difference.
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A large amount of uncertainty surrounds soybean exports in the 2018-19 marketing year. Currently, the USDA forecasts 2.06 billion bushels of soybean exports. Export sales for the next marketing year sit at 510.4 million bushels as of August 30, down 54.8 million bushels from last year.
Small tariffs, huh?
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And it's not working. Just like his sham with NK. Smoke and mirrors.
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And it's not working. Just like his sham with NK. Smoke and mirrors.
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