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.
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.“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.
“All these countries went to different countries to get their grain,” Nuylen said. “How are we going to get the relations back with them to buy our grain again and be our customers?” While a deal between the U.S. and China would take months to be reached, farmers are remaining “cautiously optimistic,” Glenn Brunkow, a Kansas-based corn and soybean farmer said.
“Payments are a welcome help for the bottom line of Missouri farmers,” Blake Hurst, president of the Missouri Farm Bureau, told Yahoo Finance in an email statement. “Although the trade payments vary widely from county to county, they’ll keep more than a few farmers in business for another year. ...
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