Posted on 07/25/2018 7:16:54 PM PDT by Red Steel
The average age of farmers keeps advancing upwards. In 20 years their ranks members will be way past retirement age.
Switch to a different crop, or another job. Farmers have had it great for far too long with gov help since great depression.
I’ve noticed we may have hit peak bacon prices.
Good thing President Trump doesn’t view it like that....
He should.
A farmer calls it quits and it's a national tragedy. 3,000 factory workers loose their jobs and nobody says a word.
There’s only so many soybeans and you can’t instantly grow more, so China had to pay Brazil a premium to replace those they were getting from us. China loves soybeans and can only grow 10% of its needs, so they will cave, just a question of when.
I don’t mind soy lecithin, but soy protein or sterols are not wise for men.
Wow. Spoken like a man whose never got his hands dirty.
[“They (China) will have to either absorb the increased cost,]
I’m sure their government will subsidize the difference. Either way, China is taking a substantial hit in price.
Exactly
{Business pressholes never talk about that... }
That word is a blast from the past here. LOL
Agriculture gets more direct and indirect (direct aid, credits, and food stamps) subsidies than all other industries combined.
Where was your concern when our manufacturing textile jobs in the carolinas ALL got shipped out to China in the last 20 years?
“There’s only so many soybeans and you can’t instantly grow more, so China had to pay Brazil a premium to replace those they were getting from us. China loves soybeans and can only grow 10% of its needs, so they will cave, just a question of when.”
That seems to me to be the operative question. Just what is the world’s supply of soybeans and can it survive without the US production? I guess you have to expect another one of the world’s truly $hit hole countries, Brazil, to try and cash in instead of helping to fix the nonsense in the world trade business.
“There’s only so many soybeans and you can’t instantly grow more, so China had to pay Brazil a premium to replace those they were getting from us. China loves soybeans and can only grow 10% of its needs, so they will cave, just a question of when.”
I just checked Worldwide soybean production:
the US produces 52% of the total .
Here are the players:
Ukraine (3.9 million metric tons) ...
Canada (6.0 million metric tons) ...
Paraguay (10.0 million metric tons) ...
India (10.5 million metric tons) ...
China (12.2 million metric tons) ...
Argentina (53.4 million metric tons) ...
Brazil (86.8 million metric tons) ...
USA (108.0 million metric tons)
So the question is, can the world afford not to buy soybeans from the US?
.
Nobody really needs soybeans; they are unhealthy to consume unless their protein is fermented, as in soy sauce.
Their oil is somewhat carcinogenic due to the phyto-estrogen it contains.
I don’t care what kind of food or goods comes from other countries...wherever it is from, soybeans to watermelons, from gloves to boots, but mostly any kind of fruit or vegetable...AMERICA MAKES IT BETTER.
That is not just an ad. it is the TRUTH.
Oh really? The world begs to differ. Anyway, that's not germane to the current discussion. The world consumes megatons of the stuff, healthy or not.
FTFY.
Building materials
Upholstery
Biodiesel
Cooking oil
Mechanical lubricants
Livestock feed
Paint products
Human consumption
To name a few uses for the lowly soybean.
The market will settle out.
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