China Farmers soybeans Tariffs Trump

Too Bad Trump's Tariffs Did Not Come Sooner.

You know that Trump voting farmers were mule headed, and I think the economic pain from Trump’s trade war needed to happen sooner to dappen the enthusiasm for Trump on the farm.

President Donald Trump’s trade disputes with China, Mexico and Canada are already eroding the value of American agricultural production, with soybean growers alone expected to lose at least $3.2 billion during the next crop season….

President Trump is a businessman,” said John King III, 57, who raises soybeans, corn and rice with his father and nephew outside Helena, Arkansas, about 100 miles east of Little Rock. “He’s making a high-risk business decision that probably should have been made a long time ago. But it’s definitely a risk.”

Mr. King is sticking with Trump.  Even though he is staring at this:

The U.S. Department of Agriculture on Thursday predicted domestic soybean stockpiles will be 51 percent larger than expected a month earlier and cut its export forecast by 11 percent. The USDA also reduced its price forecast by 75 cents a bushel, citing reduced purchases by China, the top importer. That amounts to almost $3.2 billion in lost revenue based on the government’s use estimate.

And what about the timing of harvesting?

For farmers, the timing is terrible. By September or October, many will need to have unloaded inventories from last year to make room for this season’s harvest.

King, the Arkansas grower, says he sold about 60 percent of last year’s soybeans for about $10 a bushel. That’s nowhere near the record of more than $17 in 2012, but it’s decent compared with about $8 now. King says he can’t hold onto his remaining inventory once he starts collecting this year’s crop.

Sounds like some incoming economic pain from the tariff shell lobbed by the Chinese.

Here are the highlights of the farming Trump support :

“The one thing I admire about the guy is that he’s fulfilled or tried to fulfill” his campaign promises, said David Durham, 66, who grows corn and soybeans about 40 miles east of Kansas City, Missouri. “In the long run, this could benefit us” by opening the world to more buyers of U.S. farm goods, said Durham, a fourth-generation farmer who estimates his crop revenue has been cut in half since rumbles of a trade war began earlier this year.

Someday this may open up more markets, but it will cost him have his revenue NOW.

And another farmer:

And farmers say they’d rather the trade conflict end sooner rather than later.

Don Borgman, a third-generation corn and soybean grower from Buckner, Missouri, said he’s been “hammered” by lower prices but is “refreshed” by Trump’s get-tough approach. The president “is in negotiating mode,” he said. Still, Borgman said he’d be more concerned “if I thought our president was starting a decades-long trade war.”

If you read the entire article, it sounds like this year’s harvests on soybean is going to get hammered, but savior Trump has a quik plan to save the day.  The farmer-soldiers for this Trump’s trade war are lined up and willing to risk their farms for a better negotiated plan.

Anyboy know what that better negotiated plan is?

What I am hearing is that a few months of pain may make no difference on rural voting patterns in 2018.  However, nothing is said about 2020.  

Anyone else in rural areas seeing this same pattern?

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Merlin1963
Merlin1963
Fifty year old progressive who is a little grumpy after more than 30 years of conservative dominance of the political system. We need to hamstring conservatives and devour their entrails.
https://www.dailykos.com/user/Merlin1963