Trump trade war delivers farm boom in Brazil, gloom in Iowa

transporter

Active Member
Trump trade war delivers farm boom in Brazil, gloom in Iowa

The fallout has been quick. China, the world’s largest importer of soybeans, has scaled back purchases of U.S. grain to feed its massive hog herd.

It is turning instead to Brazil, which has ridden the wave of Chinese demand for two decades to become a global agricultural powerhouse. Brazilian soybean exports to the Asian country jumped 22 percent by value between January and September, compared to the same period a year ago.

Brazilian producers are not only selling more grain, their soy is fetching $2.83 more per bushel than beans from the United States, up from a premium of just $0.60 a year ago, thanks to stepped up Chinese purchases.

Prices for U.S. soybeans, meanwhile, recently sunk to decade lows that farmers say are below the cost of production. The slump has made the agricultural sector a drag on an otherwise healthy U.S. economy. The Trump administration said in July it would spend up to $12 billion in taxpayer funds to help U.S. farmers offset trade-related losses, although the aid package could shrink.

Many American farmers, overwhelmingly conservative voters who helped propel Donald Trump to the presidency, are standing by their man. They believe he will eventually negotiate a better trade deal with China, whose appetite for soybeans is so vast that it cannot completely wean itself off U.S. grain.

But for the time being, Trump trade policies are handing precious market share, money and momentum to Brazil, the United States’ most formidable agricultural competitor. Some fear the lost ground will be hard to reclaim
How does that saying go...oh yeah...you get what you voted for.

They voted for the guy who was going to f*** their business and now their business is f***ed...MAGA!!!
 

GURPS

INGSOC
PREMO Member
How does that saying go ... oh yeah ... you get what you voted for.
:yay:

Yep Trump is doing exactly what he was elected to do .... put the screws to the Establishment


They voted for the guy who was going to f*** their business and now their business is f***ed...MAGA!!!
Anyone or Anything that does not conform to YOUR World View is Either Ignorant, Uneducated or Selfish .....

Every post you make is against anyone or any group that doesn't conform to your propagandist viewpoints.
 

Gilligan

#*! boat!
PREMO Member
:yawn: Wake me up when it's over, 'kay?

Many American farmers, overwhelmingly conservative voters who helped propel Donald Trump to the presidency, are standing by their man. They believe he will eventually negotiate a better trade deal with China, whose appetite for soybeans is so vast that it cannot completely wean itself off U.S. grain.
 
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