Trump's trade war and farmers

Sep 2012
14,439
18,563
SoCal
#1
Just more corporate welfare and no good news for the smaller farmers.

North Dakota farmer: Trump 'took away all of our markets'
As the trade war limps along exactly as you’d expect a policy launched by a failed casino owner would, real people are taking it on the chin.

One of those folks is a farmer from a reliably red state that voted for Trump by a more than 2-to-1 margin.

“This trade thing is what’s brought on by the president and it’s really frustrating because he took away all of our markets,” Bob Kuylen, a farmer from North Dakota who grows spring wheat and sunflowers, told Yahoo Finance. “We live in an area where we’re kind of in the middle of nowhere. It costs us a lot of money — over $1 a bushel to get our grain to markets.”
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More than half of Trump's farmer aid has gone to the top 10% of farms, and it will likely get worse
A new EWG study confirms what had already been reported: The aid program Donald Trump's team scurried to put in place after Trump's trade wars suddenly left American farmers without buyers for their crops has largely been sucked up by corporate megafarms. Small farms, the ones most in jeopardy from the sudden loss of fought-for markets, are only getting the scraps.

According to the study, more than half of the aid provided by Team Trump's "Market Facilitation Program" has gone to the top 10% of recipients. 82 farms have gotten $500,000 or more; the largest farm has received $2.8 million.

The bottom 80% of aid recipients? They got less than $5,000, on average. That is ... not much.

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Jul 2019
181
232
KY
#3
Funny how conservatives idea of small government and handouts suddenly go out the window when it comes to large corporations, figures small farms would have gotten left out.

Speaking of the trade wars:

U.S. Recession Odds Pick Up as Economists Cut Growth Estimates
The likelihood of a U.S. recession in the next 12 months rose to 35% in an August survey of economists, from 31% forecast previously, as global trade tensions fuel economic uncertainty.

Growth in the world’s biggest economy will average 2.3% this year, down from 2.5% seen in a July survey. Gross domestic product expansion is forecast to slow to a 1.8% annualized pace in the third quarter, from 3.1% in the first three months of the year and 2.1% in the second quarter.

“Trade tensions are needlessly roiling financial markets, which could eventually destabilize a stable economy,” Parul Jain, chief investment strategist at Macrofin Analytics LLC in Wayne, New Jersey, said in comments attached to her survey response.
 
May 2019
3,182
3,593
midwest
#4
Jan 2016
56,033
52,593
Colorado
#9
There are always causalities in a war.
'Causalities'?!? Yes, and Donald Trump is the CAUSE of this trade war.

You probably meant to write 'casualties'. And again, yes. But since there are always casualties in a war, we should generally try to avoid them, unless absolutely necessary, such as in the case of World War II. The 'Good War', as some of us call it.