Soybean farmers understand how the Carrier Plant workers feel

T

transporter

Well-Known Member
During the campaign...our incompetent President made a big show of "saving" jobs at a carrier plant in Indiana during the campaign. Of course, the jobs left anyway and the President just ignored them...because...well..."winning"! What else.

Now we have the plight of the soybean farmer:

‘We feel like we’re a bargaining chip’:


President Donald Trump announced Friday, June 15, that he’s imposing 25 percent tariffs on $50 billion in goods from China. In response, Chinese officials vowed to impose similar trade barriers on U.S. goods, the Washington Post reported.

Seventy-one percent of North Dakota’s soybeans are exported to Asia, most of them going to China, which brought $1.5 billion in revenue back to the state.

Of other North Dakota agricultural exports, 95 percent of its corn, 88 percent of its beef, 86 percent of its pork, and 100 percent of its poultry go to Canada and Mexico, the Farm Bureau reports.

Soybean exports to China could drop by as much as 65 percent if China imposes a retaliatory 25 percent tariff on soy, according to a study cited by the American Soybean Association.
Click to expand...

Of course China is going to retaliate. Of course China is going to retaliate against the portions of our economy that will most impact the economic fortunes of Trump supporters. So ND soybean farmers have good reason to worry.

BTW...here is a price chart on soybeans...any ideas why the price drops do much on the right side of the graph?

soybeans.jpg
 
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