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

Guno צְבִי

Guno צְבִי

We fight, We win, Am Yisrael Chai
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...cle_eeb789dc-9988-11e8-85be-a7b9d8df66fd.html
 
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.
 
guno said:
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...cle_eeb789dc-9988-11e8-85be-a7b9d8df66fd.html
Click to expand...

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
 
cannot see cockeye the Sailor's screed

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Sailor said:
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.
Click to expand...

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.
 
guno said:
cannot see cockeye the Sailor's screed

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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.
 
archives said:
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
Click to expand...

There are 2600 soybean farmers in SC.. They have 400,000 acres of soybeans under cultivation. It generates $137 million a year.
 
kudzu said:
There are 2600 soybean farmers in SC.. They have 400,000 acres of soybeans under cultivation. It generates $137 million a year.
Click to expand...

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.
 
guno said:
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...cle_eeb789dc-9988-11e8-85be-a7b9d8df66fd.html
Click to expand...


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