Trump's Trade War Will Crush American Farmers, Fuel Soy Boys

[Guno צְבִי]

The dumb rube farmers in places like flyover country Iowa will be grabbing their ankles and squealing like pigs as they go bankrupt

you rubes did it to yourselves


This year, for the first time in more than three decades, corn was not the most widely planted crop in the United States. But volatile trade policy emanating from the White House might cut short the reign of the new king crop, soybeans.

Farmers planted more than 89 million acres of soybeans across the United States in 2018, narrowly edging out the 88 million acres of corn that were planted, according to an annual survey by the Department of Agriculture. Soybeans cost less to plant, and their profitability has been on the rise in recent years, making them a more attractive option for farmers. A significant driver of soybeans' profitability has been increased demand in foreign markets, including China, which moved this week to slap a 25 percent tariff on American soybeans in response to the tariffs that President Donald Trump ordered on more than 1,300 Chinese-made goods.


Meanwhile, China is the world's largest importer of soybeans, buying more than $14 billion of American-grown soy last year. China purchases 61 percent of total U.S. soybean exports and more than 30 percent of overall U.S. soybean production, according to the American Soybean Association, a trade group.

Disruption of that trade will be "devastating" for farmers, says ASA President John Heisdorffer. "It should surprise no one that China immediately retaliated against our most important exports, including soybeans," Heisdorffer said in a statement. "This is no longer a hypothetical."

https://reason.com/blog/2018/04/05/s...s-americas-top

[Guno צְבִי]

Iowa Farmers Could Lose $620 Million From U.S.-China Trade War



Scott Sinklier/Newscom
Scott Sinklier/Newscom
From small town Iowa farmers to big shot Wall Street traders, President Donald Trump's President Donald Trump's embrace of economic protectionism and trade war brinkmanship is raising the specter of financial losses.

Soybean farmers in the Midwest state stand to lose more than $620 million this year, according to Iowa State University economist Chad Hart, as China targets the crop with tariffs in response to the Trump administration's announcement last week that it would go ahead with a plan to slap tariffs on $50 billion in Chinese imports.

"Any tariff or tax put in place will have a significant impact, not only to the U.S. soybean market, but to Iowa's because we're such a large producer," Hart told The Des Moines Register for the paper's front-page story on Saturday. "It will slow down the market."


https://reason.com/blog/2018/06/18/i...0-million-from

[Guno צְבִי]

Yea rubes, Iowa is in the bag for trump in 2020

[Nordberg]

It wont change their votes. They are Trumplestilskins. They probably blame Obama or Hillary. Trump sees trade wars as easy to win. So Iowa is winning, they just do not realize it.

[Irish Exit]

The dumb rube farmers in places like flyover country Iowa will be grabbing their ankles and squealing like pigs as they go bankrupt

you rubes did it to yourselves


This year, for the first time in more than three decades, corn was not the most widely planted crop in the United States. But volatile trade policy emanating from the White House might cut short the reign of the new king crop, soybeans.

Farmers planted more than 89 million acres of soybeans across the United States in 2018, narrowly edging out the 88 million acres of corn that were planted, according to an annual survey by the Department of Agriculture. Soybeans cost less to plant, and their profitability has been on the rise in recent years, making them a more attractive option for farmers. A significant driver of soybeans' profitability has been increased demand in foreign markets, including China, which moved this week to slap a 25 percent tariff on American soybeans in response to the tariffs that President Donald Trump ordered on more than 1,300 Chinese-made goods.


Meanwhile, China is the world's largest importer of soybeans, buying more than $14 billion of American-grown soy last year. China purchases 61 percent of total U.S. soybean exports and more than 30 percent of overall U.S. soybean production, according to the American Soybean Association, a trade group.

Disruption of that trade will be "devastating" for farmers, says ASA President John Heisdorffer. "It should surprise no one that China immediately retaliated against our most important exports, including soybeans," Heisdorffer said in a statement. "This is no longer a hypothetical."

https://reason.com/blog/2018/04/05/s...s-americas-top

So we sell to a middleman who sells to China. No biggy. It is how middle eastern countries have been getting around our oil embargos for decades.

[Mason Michaels]

It wont change their votes. They are Trumplestilskins. They probably blame Obama or Hillary. Trump sees trade wars as easy to win. So Iowa is winning, they just do not realize it.

Iowa is winning by losing millions

[kudzu]

So we sell to a middleman who sells to China. No biggy. It is how middle eastern countries have been getting around our oil embargos for decades.

Which Middle Eastern countries did we oil embargo?

[Guno צְבִי]

Dumb hicks


Arkansas farmers fear soybean tariffs as trade war escalates with China


https://www.cnbc.com/video/2018/07/0...ith-china.html



U.S. soybean exports scrapped as China shifts to Brazilian beans

https://www.reuters.com/article/us-u...-idUSKCN1IJ2SG

[Irish Exit]

Which Middle Eastern countries did we oil embargo?

Tasmania

[Nordberg]

Which Middle Eastern countries did we oil embargo?

Iran 2012 to 206.

[kudzu]

Iran 2012 to 2016.

No others?

[Nordberg]

No others?

We playing 20 questions? I answered. Why is it my job to look them all up? You asked and I answered.

[Nordberg]

Tesla is building a factory in China. He said it was due to Trump's tariff. I suppose also due to the unpredictability of Trumpy. That is only 5000 jobs. The market and companies want some predictability. Trumps craziness will burn us bigtime before he is done. He can blame Obama and Repubs will accept it 100 percent.