Posted on 07/24/2018 9:04:11 AM PDT by GIdget2004
The U.S. Agriculture Department on Tuesday plans to announce a $12 billion package of emergency aid for farmers caught in the midst of President Trump’s escalating trade war, two people briefed on the plan said, the latest sign that growing tensions between the United States and other countries will not end soon.
Trump ordered Agriculture Secretary Sonny Perdue to prepare a range of options several months ago, amid complaints from farmers that their products faced retaliatory tariffs from China and other countries. The new package of government assistance funds will be announced Tuesday and is expected to go into effect by Labor Day.
The aid package is expected to target soybean farmers, dairy farmers, and pork producers, among others. White House officials hope it will quiet some of the unease from farm groups, but the new plan could revive debates about taxpayer-funded bailouts and the degree to which Trump’s trade strategy is leading to unforeseen costs.
(Excerpt) Read more at washingtonpost.com ...
You mean ‘destroy agricultural income in places already poor’.
Because then you are unable to make your loan payment, and you go bankrupt.
Same reason car companies don’t give away their excess inventory at the end of the year. Creditors have this funny way of demanding to be paid. Farmers would rather plow the crop under than pay to harvest it, process it, and then give it away.
So the tariffs are going to cost Trump in the midterms, and the ag market in the long term. South American has two to three growing seasons, and we do not. We make up for it in volume, but the cost point is to the level where it is pretty hard to turn a profit.
Not only NO but HELL NO!!!
Wrong, wrong, wrong , wrong!!!
My uncle’s tractor costs $500K, is self driving, and can plant according to a plot made by the drone.
And the combine is even more high tech.
Brainless? Not really. Most of the dumb farmers are long gone. Low value added?
Go back to eating your twinkies and ranting about how you wish the confederats won.
“The funding still has to come from Congress. I doubt that there is a majority in either house willing to pass this.”
Incorrect. WSJ: “’USDA: $12 Billion Aid Package To ‘Take Advantage of Existing Authorities,’ Won’t Require Congressional Approval”
https://www.wsj.com/articles/trump-says-tariffs-are-the-greatest-1532437480?mod=hp_lead_pos1
I LOVE this plan. Help our farmers while we fight and WIN the trade war. I’m expecting crop prices to rise when other countries buy US products instead of China.
The value added and the engineering and brain work came in making the tractor, not in growing soy.
The lion share of farmers do not own combines and .5 million buck tractors.
So you point out all the possible negative aspects of raising our import tariff so they are more in line with the rest of the worlds tariff rates but can you name ONE thing good about raising tariffs? Intellectual honesty would be appreciated. (but not expected).
I guess the 12$ billion is supposed to help cover losses until a better trade deal can be made. Pres. Trump is trying to level the playing field for American goods so farmers and others benefit. I guess if folks selling overseas are happy with the EU, Canada, Mexico and Asia screwing us then they should be really happy if Pres. Trump’s plans fail.
Raising tariffs will allow the protected industry to raise their own prices, thus increasing their revenue and maximizing their profits. So from their point of view that is one good think about tariffs.
Intellectually honest enough to qualify?
Thank you.
Remember when these socialists said Japan's "managed economy" was the economy of the future? That was 25 years of stagnation ago. But statists never learn and President Perot's worshipers will defend this to our death.
Fixed it for you.
Most of the farmers I know and deal with do own (or make payments on) rolling stock of over $1 million. You have to in order to farm the amount of ground needed to be profitable (in the plains, around 2,500 to 3,000 acres). Fertilizer, seed lines, herbicide, and tracking of what parcel produces what (typically with Greenstar or similar tech). If you just through seed in the ground and hope for the best, just save time and move.
For livestock, a decent hog operation will have a few tens of thousand head in different iso buildings, most are automatically controlled. So five guys maintain the operation (or less, though that is a lot of ground to cover). The breeding is done with specialized lines of genetics and artificial insemination. While some “organic” farms still use boars, I know of no major operation that does things the old fashioned way.
For cattle feed lots.. The ones I’ve dealt with, and I have dealt with quite a few, have a nutritionist on staff or partner with another corp to have one with them. Feed rations are optimized for climate, yield, and cost per pound produced. Getting the ration right is the difference between making a decent amount of money or going broke in a cycle. The good operations have a few marketing guys (Angus cattle for instance!), and that all takes money.
Sorry if that doesn’t conform to your eastern biases.
Farming is not some toothless guy with a dozen chickens. Those guys, where they exist, are hobby farmers. Now, I know a few of them. They make me laugh. Doing things that way would mean the US and the world would have a famine in short order. They typically are doing it as a hobby (heck, I approach my garden the same way!).
But what do i know. I have just been working with ag and ag products for most of my life.
A very entertaining book, The Last Centurion by John Ringo, has a sub plot about how the “average” farm is operated, and what happens when a bunch of grasshoppers take over. Hint, look at Zimbabwe.
Or not.
Clearly you have zero understanding of economics. It’s the law of supply and demand you idiot. Go away you anti Trumper.
“Single-country” supply & demand?
LOL! I'm the one with zero understanding of economics????
You know nothing of price competition and market share. That is clear to me. Those are basic to understanding modern economics.
Yes, are you saying if the rest of the world disappeared then there would be no supply and demand, no competition?
Straw Man...and the current commodities market is a warped “supply & demand/competition” market (i.e milk, soybeans, corn, etc.).
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