cross-posted from: https://sh.itjust.works/post/51826015
Across the US this year, farmers have seen costs soar and the price of their produce tumble as Donald Trump’s flagship tariffs sparked a trade war with China.
American farmers, who voted en masse for Trump last year, are now warning of the worst economic crisis since the 1980s, when soaring interest rates and a slump in exports saw the price of crops and the value of farmland collapse. About 300,000 farmers defaulted on their loans and thousands were driven into bankruptcy.
“We spent a hell lot of time in China building relationships, building those markets,” he said. “And then you basically piss it all away, to be blunt.”
and that import/export for soybeans is unlikely to come back as china shifts to other countries.
…and I don’t want to see a single red penny in welfare sent to these people. Welfare queens the lot of them. Should have planted a crop that sells, like hemp or sweet corn.
Guess they should have managed their farms better.
as ferengei said in enterprise.
They need to cut back on all that avocado toast.
This is about bootstraps, isn’t it?
Step 3 find out
Step 4, claim you’d vote for Trump again.
Yep. Trump is not the problem. His voters and enablers are.
fool them once(1st term) shame on them, fool them twice and 3 times, farmers derserve it.
Farm Bankruptcy is not the same as a traditional bankruptcy. The farmers don’t lose their property.
