China's tariffs immediately wiped out what was once their biggest export market, worth $12 billion in 2017. That was more than a year ago. Soybeans have since piled up in bins, sending the amount in storage up 108% in 12 months. The price per bushel has fallen to a 10-year low.The situation looks bleak, and tariffs have hit other crops like corn and wheat, too. Many farmers have expressed frustration, and some have even said they no longer support the President.
"I think it's important that the payments do highlight the fact that the administration understands the pressure they're putting on farmers and the rural economy," said Illinois farmer Evan Hultine. He decided to take soybeans out of rotation this year to try to avoid some of the trade uncertainty."We understand that maybe China needs to be brought to task for improper trade tactics and unfair practices, but we're looking at a year-and-half now," he added.
'THE FWEEE MARWKWET!' , my ass! LOL
A lot of them are losing their farms over this and still they vote for the orange turd. Just amazing.
$39Billion will do a lot to get a confirmation of support. Corporations, rich Family Farms and small farmers. Purdue and Trump and Farmers big and small are playing Taxpayers. Trump doesn’t care. Being corrupt is his nature. He never ever consider doing the right and honest thing
Yep. And liberals can't understand why. It astounds me how short-sighted so many people are. Farmers have patience. They know it takes time to undo the damage caused by 30 years of outsourcing to China.
Don't want to destroy the 'dumb*ss farmer' myth
Well why wouldn’t they, they’ve been getting a hand out for the past three years so now we have social farm aid. The farmers of this country are on welfare and still follow TheDumbestWhiteRacistManInAmerica. And his stupid trade policies
What did George W say? Fool me once, shame on me, fool me twice, shame on me. Farmers are proving him right.
Soybean prices have been depressed since 2011. The amount my small farm makes was no different this year than it has been the last 3 years.
DJT: As soon as we figure out this toilet mess, we'll get on the trade issue. We'll study it strongly, and make sure it flows, and then, in a couple of weeks, it will be so easy to do. But we're studying it strongly and should have something in two weeks, stay tuned. thank you.
Their stupidity will eventually bankrupt them. 🙉🙊🙈🤬
ТЕБЕ БУДЕТ НЕ ВЫГОДНО
The end of the family farm.
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