“Soybean / feed farmers are going to take a hit regardless”
We have been discussing that a bit on this thread. Congress was ready to bailout farmers if needed, but the President’s tweets indicate that tariff revenue could do it as well:
“....If we bought 15 Billion Dollars of Agriculture from our Farmers, far more than China buys now, we would have more than 85 Billion Dollars left over (from new tariff revenue)”
Right, I’m just saying that there is a bigger factor than the tariffs, in this instance. 200 million dead hogs in China alone (far more than the TOTAL herd in the US) is a significant blow to the global feed industry.
It’d be interesting to know if US farmers have already adjusted their planting choices, this spring.