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The White House recently announced that it would be providing an additional $16 billion in aid to American farmers affected by the trade war between the U.S. and China.
But the problem for American farmers has becomes bigger than something a bailout can fix.
“This trade thing is what’s brought on by the president and it’s really frustrating because he took away all of our markets,” Bob Nuylen, a farmer from North Dakota who grows spring wheat and sunflowers, told Yahoo Finance. “We live in an area where we’re kind of in the middle of nowhere. It costs us a lot of money — over $1 a bushel to get our grain to markets.”
Yet Trump said he loved America farmers. Did Trump lie yet again?.
I wonder who is selling food to China. They are in dire straits so whichever country is selling to them must be making a nice profit without having to compete with the US
If you are depending on China to survive time to shift your strategy or get out of farming. There is a 350 million US population to feed and USMCA will go into effect this fall most likely
They get big fat public assistance checks to do nothing. That is why the farmers keep electing Republicans.
Please put aside your prejudices and stereotypes (fed by "journalists" at the NYT and WaPo who seldom go near a "real" farm), and learn a little more about how us "rich" Republican farmers actually got to where we are today,
A substantial number of us grew up on, or just inherited a somewhat self-sufficient general farming operation, but eventually got fed up with the long hours and constant demands. So the dairy herd was sold off and fed into the "factory farms" the animal-rights crowd loves to rant about, and the old homestead converted for growing "cash crops' or beef cattle --- which require less attention than dairy farming. Many of us, and/or our spouses took up another occupation and developed secondary sources of income on non-traditional schedules -- selling insurance or tax prep, to cite two examples.
And many seasonal farmers producing grain and lots of other crops work long hours -- but not all year. Winter months are taken up by slower-paced chores like maintaining machinery or financial records -- And there is plenty of thinking and planning involved -- so please stop dismissing us as hayseeds along the lines of Percy Killbride and Marjorie Main (Ma and Pa Kettle), or detached "millionaires", At $3000 per acre, a (highly taxable) million can be formed up pretty quickly -- but a lot of it is risked on a new crop every year (tax laws formulated to guarantee a generous supply of inexpensive food help here -- so when you complain about "pampered" farmers, boys and girls -- don't talk with your mouths full)!
Last edited by 2nd trick op; 08-01-2019 at 01:24 PM..
For those who mistakenly believe the subsidies are covered by the tariff tax.
"After just ten months of a trade war with China, subsidies to farmers are set to drain over $25 billion from “U.S. coffers” for damage done to date. China tariffs, meanwhile, have so far brought in just over $19 billion in tax payments from U.S. importers—$6 billion less than authorized farmer payments."
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