The so-called farm bill is always loaded with all kinds of pork.
Love 95% of what Trump does. Love it.
But I DON’T agree with Trump on tariffs. Sure you *may* be able to help farmers somewhat, but you can’t help all the people hurt by the new tariffs.
The corn ethanol war? Pork and beef war with china.? Barter town
Wars have casualties and trade wars are no different than any other war. You accept the fact that there will be short term pain in the expectation that there will be long term gain. If the Administration is going to try and bail out every sector of the economy that gets hurt then it’s going to get very expensive, very fast.
We expert agri products ( the ghetto of economic wealth creation ) and import high tech consumer electronics. That’s so smart. /sarc
Hanging Free Traitors™, the job Americans won't do -- yet.
The price of pork is X amount; for US and foreign customers.
Add a Tariff for foreign sales.
It now costs X+T for foreigners.
Foreigners now pissed. Shop around for cheaper pork.
Other countries rub hands in glee; raising THEIR pork prices by at least a fraction of T. Cannot get their pigs to mate faster. America has lots of pigs.
Now what?
Coyotes gonna bring ‘refugee immigrants’ in and take wanted porkies out?
If the President can get what he wants from Putin this week, maybe Russia will be our first real free trade partner... The Left’s eyes, would pop right out over it.
The Wall St. “Editorial Board” wrote this crap.
Who is their “Editorial Board?”
They don’t make it easy to find out.
After getting past their virtue signaling garbage, a couple of names appear:
Paul A. Gigot Editor, Editorial Page, The Wall Street Journal
Daniel Henninger Deputy Editor, Editorial Page
Looking into the character of these snarlers it’s not surprising to find they are part of the liberal country club.
As for their economic credentials, they forget that economics is not a science, it is astrology, led by dismal principles.
The trade war will be won as China has no choice but to face decreasing revenue space while the American economic tree moves in and sprouts new branches.
Every time the investors have a few hours to digest what any new tariffs might really mean to the economy, they start buying again. This morning, 1 hour before the market opens, the Dow Futures are up 185, NASDAQ Futures are up 39, S&P Futures are up 15 and GE is up by 12 cents a share. But it all spells doom and gloom for the US economy because of Trump...
Should not the Bolshies want this too?
I have a hunch that Trump and his team will work out all these Tariff issues in the next 2 months.
You don’t want to know what I think should happen to the WSJ editorial board.
All cotton, rice, corn and soybean farmers get subsidies.
The dems have used the public coffers to buy votes forever. I don’t care. This is all second tier stuff to me.
Smithfield Foods, Inc., is a meat-processing company and wholly owned subsidiary of WH Group of China...
In addition to the over 500 farms Smithfield owns in the United States, another 2,000 independent contract farms around the country grow Smithfield's pigs.[4] Outside the U.S., the company has facilities in Mexico, Poland, Romania, Germany and the UK.[5] Globally the company employed 50,200 in 2016 and reported an annual revenue of $14 billion.[2] Its 973,000-square-foot meat-processing plant in Tar Heel, North Carolina, was reported in 2000 to be the world's largest, processing 32,000 pigs a day.[6]
Then known as Shuanghui Group, WH Group purchased Smithfield Foods in 2013 for $4.72 billion, more than its market value.[7] It was the largest Chinese acquisition of an American company to date.[8] The acquisition of Smithfield's 146,000 acres of land made WH Group, headquartered in Luohe, Henan province, one of the largest overseas owners of American farmland.[9]
American farmers grow plenty of corn and soybeans - highly mechanized and land-intensive products
America grows nowhere near enough to meet the nation’s demand for fruits and vegetables - very labor intensive products.
Uh. NO. Farms have enough support already with the whole ethanol mess and other abused programs. Around here fed money is like christmas. Everybody gets in on the act somehow.
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)