- Dec 4, 2013
- Reaction score
- Political Leaning
[h=1]Harvesting in a trade war: U.S. crops rot as storage costs soar[/h]
(Reuters) - U.S. farmers finishing their harvests are facing a big problem - where to put the mountain of grain they cannot sell to Chinese buyers.
Across the United States, grain farmers are plowing under crops, leaving them to rot or piling them on the ground, in hopes of better prices next year, according to interviews with more than two dozen farmers, academic researchers and farm lenders. It’s one of the results, they say, of a U.S. trade war with China that has sharply hurt export demand and swamped storage facilities with excess grain.
This is what happens when you put a moron in charge of trade policy -- Trump's incompetence at governing is showing.