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Dust Bowl Economics: Trump wants taxpayers to bail out farmers hurt by his trade war.
Wall Street Journal ^ | July 11, 2018

Posted on 07/12/2018 4:59:13 AM PDT by reaganaut1

click here to read article


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To: central_va

And who is going to feed you?


81 posted on 07/12/2018 6:45:29 AM PDT by mplc51
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To: reaganaut1
Do you know about the purchase of Syngenta by the Chinese Government? For 43 Billion dollars, in cash?

Well that happened.

And before that happened, a monopoly by a few seed licensing companies took control of seed breeding and and partnered with the largest public universities seed programs. (Monsanto is another such company, China attempted unsuccessfully to buy.)

And factor in seed licensing laws written by lobbyists of the seed breeding cabals.

Result? Fed more lawyers, more bureaucraps and more record keeping.

Yes, we raise planting seed. And abide by the seed laws. But that has nothing to do with mother nature.

“Farming is easy, if your pencil is your plow and the nearest field is 1,000 miles away.”

What could possibly go wrong?

Last year the low market price for wheat chilled what was planted. Lowest acreage since the 1920’s.

And this is at a time when the dollar is at an all time high on exchange rate with many of our foreign customers. (at times more than 50% of US wheat production has gone to foreign markets)

So, yes I know the consequences of government decisions.

ChemChina’s purchase of Syngenta a win-win [Not Win for US] (view and article from China)

http://www.ecns.cn/business/2018/04-08/298305.shtml

82 posted on 07/12/2018 6:45:31 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: central_va; DoodleDawg

I respect your enthusiasm for Trump and his policies, but cheap pork or fewer markets will mean farmers will simply reduce growing pigs.

Argentina’s socialist government tried this in 2014 on their big beef export industry. The President Kirchner was a fan of Hugo Chavez. She thought - why not ban beef exports, and we’ll have plenty of cheap beef for poor Argentinians?

It worked for 3 months, when farmers slaughtered their cattle and packing plants shut-down. After that, domestic prices jumped higher than ever.


83 posted on 07/12/2018 6:46:12 AM PDT by PGR88
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To: mplc51

If weaker farmers go out of business or cut back on production, prices will rise, making it more profitable. Commodities in general always go through boom/bust, trade war or not.


84 posted on 07/12/2018 6:47:50 AM PDT by rb22982
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To: reaganaut1

The only help I’ll give them is stocking the freezer with cheap pork.

If muzzies ate bacon, they wouldn’t be so angry.


85 posted on 07/12/2018 6:47:58 AM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: PGR88

Prices for food in the US should be higher. It is insanely subsidized today between direct subsidies and food stamps.


86 posted on 07/12/2018 6:49:00 AM PDT by rb22982
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To: reaganaut1

How getting rid of subsidies helped New Zealand’s farmers.

https://www.dailysignal.com/2016/09/22/what-happened-when-new-zealand-got-rid-of-government-subsidies-for-farmers/


87 posted on 07/12/2018 6:49:04 AM PDT by Gen.Blather
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To: PGR88

When did that happen?


88 posted on 07/12/2018 6:49:09 AM PDT by mplc51
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To: reaganaut1

“Mr.”

Part of ripping the band-aid off is going to be changing what you grow. That, in my opinion, the government (or we) should pay for, yes, because we let it get this broken.


89 posted on 07/12/2018 6:49:51 AM PDT by TheZMan (I am a secessionist.)
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To: central_va

When you say “pig farmers” do you mean the corporate pig farmers like Tyson and Smithfield, or real farmers who raise a few pigs on the back 40?


90 posted on 07/12/2018 6:49:56 AM PDT by Augie
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To: PGR88

It’s basic economics. Simple supply and demand. If you can’t make money producing something then you will stop producing it until the drop in supply causes the price to rise to the point you can make a profit again.


91 posted on 07/12/2018 6:50:32 AM PDT by DoodleDawg
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To: rb22982

Yes, they will. I have worked in retail and hospitality my entire life - mostly in corporate management - and at $15-20/hr you can get legit quality labor just about everywhere but SF, LA, NYC and Boston

LOL you have no clue!!!


92 posted on 07/12/2018 6:50:48 AM PDT by BobinIL
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To: Drango

The tariffs are a means to an end.
This is all about staking out a negotiating position to cut better deals.

We have to do something to show our “trading partners” that the days of our bending over and saying “Please, Sir, may I have another?” are over.


93 posted on 07/12/2018 6:54:55 AM PDT by Buckeye McFrog
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To: BobinIL

O’bummer put in a program for farmers. Don’t farm the land and the GOV will pay you $375 an acre for 15 years.


94 posted on 07/12/2018 6:54:56 AM PDT by mplc51
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To: central_va
As usual, you take a view of this issue with a horizon that is about 10 yards away.

4% of the U.S. workforce may be directly "involved" in agriculture, but that is far from a full picture. These crops don't just walk off the farm and end up with their end consumer by magic.

Every exported agricultural product has a lot of OTHER industries with a vested interest in agricultural exports. You have the barge and railroad industries that move grains to ports, along with elevator operators and longshoremen at the ports. You have all the industries that supply these, too. You also have the trucking company whose president I met with earlier this week ... whose contract to haul grain to an East Coast port may be in jeopardy if the global marketplace for his customers' products changes as a result of foreign tariffs.

95 posted on 07/12/2018 6:55:03 AM PDT by Alberta's Child ("I saw a werewolf drinking a pina colada at Trader Vic's.")
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To: Drango

I DO agree with the President on tariffs.

It’s the only negotiating tool that he can wield against countries that have took us to the cleaners FOR DECADES.

We have been losing the trade war for far too long and I am THRILLED to have a President that understands this fact and is letting these freeloader nations know that we’re not going to take it anymore.


96 posted on 07/12/2018 6:56:05 AM PDT by Southnsoul
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To: reaganaut1

This is a shell game, mostly.

Commodities don’t get affected by tariffs quite as much. There are lots of countries in the world that would like to buy American pork. Besides that, if China starts buying it from another country to dodge the tariff, other countries will happily sell more than they can deliver and make up the shortfall by...buying American pork.

China is basically in a no win position. The stuff we export to them that they can tariff is less affected by the stuff we tariff coming back from them.

We hold most of the cards.


97 posted on 07/12/2018 6:57:11 AM PDT by JamesP81 (Traitors are more dangerous than enemies. Vote and act accordingly.)
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To: mplc51

Very likely result.

And we’ve owned/operated farms in this county since 1889.

Am not asleep about the issues.


98 posted on 07/12/2018 6:57:19 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: familyop

They have retail food outlets. Their pulled pork bar-b-que sandwiches are incredibly good. (I have a recipe that is equal to it, came from family member in that business)

Next month we will be going to spend time in NC, and will have Smithfield Bar-b-que sandwiches more than once.


99 posted on 07/12/2018 7:02:39 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: reaganaut1

WSJ FAKENEWS

Wall Street Journal is a Welfare agency for cronies.


100 posted on 07/12/2018 7:03:04 AM PDT by TheNext
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