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Thread: Thousands of SC soybean farmers face big financial losses amid Trump’s tariffs

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    Default Thousands of SC soybean farmers face big financial losses amid Trump’s tariffs

    Targeting the red trump states to fell the pain

    In an 800-acre field in Sumter, flowers begin to bloom and pods begin to grow: This is what soybeans look like mid-season during early August.

    “It’s making its crop right now,” said John Rivers, of Rivers Farms.

    Come November, these soybeans will be harvested and sold mostly to a local feed company. What price they will bring is anyone’s guess.

    The Chicago Board of Trade sets the prices, and last year, Rivers sold his soybeans at about $10.30 per bushel. This summer, soybean prices have dropped in the wake of a U.S.-China trade war spurred by tariffs announced by President Donald Trump. The current price is $8.94 per bushel. China’s retaliatory tariffs against American exports will hurt soybean and pork producers, The Associated Press reported.

    As a result, Rivers has sold only 10 percent of his crop so far. If he sells all of his crop at the $8.94 per bushel price in November, he will have lost an annual profit of about $80,000. Soybeans have become the third-largest cash crop in South Carolina.


    https://www.postandcourier.com/news/...9d8df66fd.html
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    Trump's tariffs take a toll on farmers in pivotal Pennsylvania ahead of midterm elections


    https://www.cnbc.com/2018/07/18/trum...elections.html
    “If we have to have a choice between being dead and pitied, and being alive with a bad image, we’d rather be alive and have the bad image.”

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    MAGA rubes MAGA

    As soybean futures plunge, farmer says tariffs have 'devastated' the industry


    https://www.cnbc.com/2018/08/10/as-s...-industry.html
    “If we have to have a choice between being dead and pitied, and being alive with a bad image, we’d rather be alive and have the bad image.”

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    Be a good American Guno. Start eating more soy. Get the world out. Make it a staple in school lunches. If more Americans ate what our farmers grow, we would not be exporting it. Get to soying boying.

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    Quote Originally Posted by guno View Post
    Targeting the red trump states to fell the pain

    In an 800-acre field in Sumter, flowers begin to bloom and pods begin to grow: This is what soybeans look like mid-season during early August.

    “It’s making its crop right now,” said John Rivers, of Rivers Farms.

    Come November, these soybeans will be harvested and sold mostly to a local feed company. What price they will bring is anyone’s guess.

    The Chicago Board of Trade sets the prices, and last year, Rivers sold his soybeans at about $10.30 per bushel. This summer, soybean prices have dropped in the wake of a U.S.-China trade war spurred by tariffs announced by President Donald Trump. The current price is $8.94 per bushel. China’s retaliatory tariffs against American exports will hurt soybean and pork producers, The Associated Press reported.

    As a result, Rivers has sold only 10 percent of his crop so far. If he sells all of his crop at the $8.94 per bushel price in November, he will have lost an annual profit of about $80,000. Soybeans have become the third-largest cash crop in South Carolina.
    https://www.postandcourier.com/news/...9d8df66fd.html
    Do you actually think a Trumpkin in South Carolina is ever going to change his opinion of Trump even if they are soybean farmers? They'll find a way to blame it on "Obama," or "the deep state," or "the swamp," their scapegoats are endless

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    Guno צְבִי (08-14-2018)

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    cannot see cockeye the Sailor's screed

    Verified User

    This message is hidden because Sailor is on your ignore list.
    “If we have to have a choice between being dead and pitied, and being alive with a bad image, we’d rather be alive and have the bad image.”

    — Golda Meir

    Zionism is the movement for the self-determination and statehood for the Jewish people in their ancestral homeland, the land of Israel.


    “If Hamas put down their weapons, there would be no more violence. If the Jews put down their weapons, there would be no Israel."






    ברוך השם

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    Guno you little faggot.

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    Quote Originally Posted by Sailor View Post
    Be a good American Guno. Start eating more soy. Get the world out. Make it a staple in school lunches. If more Americans ate what our farmers grow, we would not be exporting it. Get to soying boying.
    If John Rivers of Rivers farm were a real American he would just sign up for welfare and donate an acre to 800 black families who have lost their land to gentrification. He can start with former Hilton Head Island residents who couldn't afford to pay the outrageous property taxes on their dirt patches once rich whitey came along.

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    Quote Originally Posted by guno View Post
    cannot see cockeye the Sailor's screed

    Verified User

    This message is hidden because Sailor is on your ignore list.
    He's supporting the racist right wing as usual.

    He said Americans should eat more soy ...........as if that's the problem.....he's an idiot.......tee hee hee.

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    Guno צְבִי (08-14-2018)

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    Quote Originally Posted by TTQ64 View Post
    He's supporting the racist right wing as usual.

    He said Americans should eat more soy ...........as if that's the problem.....he's an idiot.......tee hee hee.
    Yawn.

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    Farmers who voted for Twittler are learning the hard way about "Be careful what you wish for; you might get it."

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    Quote Originally Posted by archives View Post
    Do you actually think a Trumpkin in South Carolina is ever going to change his opinion of Trump even if they are soybean farmers? They'll find a way to blame it on "Obama," or "the deep state," or "the swamp," their scapegoats are endless
    There are 2600 soybean farmers in SC.. They have 400,000 acres of soybeans under cultivation. It generates $137 million a year.

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    Quote Originally Posted by kudzu View Post
    There are 2600 soybean farmers in SC.. They have 400,000 acres of soybeans under cultivation. It generates $137 million a year.
    That is about $ 350 per acre of crop sold. If they gave up soybeans and started growing legal marijuana, it would increase to around $1.1 million an acre. Just pointing that out.

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    Quote Originally Posted by guno View Post
    Targeting the red trump states to fell the pain

    In an 800-acre field in Sumter, flowers begin to bloom and pods begin to grow: This is what soybeans look like mid-season during early August.

    “It’s making its crop right now,” said John Rivers, of Rivers Farms.

    Come November, these soybeans will be harvested and sold mostly to a local feed company. What price they will bring is anyone’s guess.

    The Chicago Board of Trade sets the prices, and last year, Rivers sold his soybeans at about $10.30 per bushel. This summer, soybean prices have dropped in the wake of a U.S.-China trade war spurred by tariffs announced by President Donald Trump. The current price is $8.94 per bushel. China’s retaliatory tariffs against American exports will hurt soybean and pork producers, The Associated Press reported.

    As a result, Rivers has sold only 10 percent of his crop so far. If he sells all of his crop at the $8.94 per bushel price in November, he will have lost an annual profit of about $80,000. Soybeans have become the third-largest cash crop in South Carolina.


    https://www.postandcourier.com/news/...9d8df66fd.html

    What a shame.. The farmers want to sell their soybeans not take welfare.

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