soybean exports are down more than 90% and U.S. farmers lost nearly $8 billion

[UpInArms]

Purdue University and futures exchange operator CME Group CME, +1.00% asked farmers — among the groups hardest hit by China’s retaliation for U.S.-imposed tariffs that look set to increase once again — how confident they are that the Trump administration and Chinese delegates will reach a trade pact by July 1.

The prevailing answer? Not very assured, as shown by this chart, and the handful of others below.



Only 28% of the 400 survey respondents from around the U.S. felt that the dispute would be resolved before July 1, down from 45% who thought as much in March. However, 71% still feel the dispute will ultimately be resolved in a way that benefits U.S. agriculture. Data from the U.S. Department of Agriculture shows soybean exports are down more than 90% under the trade dispute and U.S. farmers lost nearly $8 billion in the past year as a result.

... snip ...

About 47% of Purdue survey respondents favored rejoining TPP (the Obama administration had entered the U.S. into the pact), while 29% said they were not in favor of rejoining. Interestingly, one-fourth of respondents said they were uncertain whether or not the U.S. should rejoin TPP.

More at https://www.marketwatch.com/story/the-group-losing-faith-in-a-quick-china-trade-resolution-the-farmers-drained-by-lost-exports-2019-05-09

[Vinnie From Indy]

1. The farmers in red state Indiana are under great strain

Bankruptcies are up 36% according to the Farm Bureau.

I guess we will see if their adoration for Trump is stronger than their will to stay in business as soybean farmers.

[UpInArms]

2. I see them out planting soybeans near me and wonder

What they are thinking

smh

[LuvLoogie]

9. Their hate for the liberal urban dwellers will keep them on board

as long as he continues to assault us, they will be on board. Fuck all those edamame eating liberals who cook with vegetable oil.

[beachbum bob]

3. Flood waters reeked havoc on Midwest and upper Midwest farmers

Their losses are massive from the damage to there grain storage as many were forced to hold on to their crops.

[watoos]

4. They don't have to export their soy beans

Trump will give them some more taxpayer dollars to compensate, didn't he give them 14 billion dollars?

I'm pretty sure that the big farms will make out ok even with all of the terrible flooding, but what smaller farms are left won't do so well.

[Ghost Dog]

12. Socialist subsidies for the few, as usual...

Austerity for the many.

[we can do it]

5. So they can be just like their man donwald.

Hard to feel sorry for any ass who willingly voted for the traitor.

[padah513]

8. I know what you're saying but I kinda do

Between the idiot's tariff war and the weather, they're taking a beating.

[ananda]

6. Just remember ...

... Trumpers would rather die, literally, than vote Democratic
in their own best interests.

[Kablooie]

7. The article said 71% of farmers still think it's going to be good for them.

They are Trumpers so they have infinite faith that the hard times are temporary because Lord Trump said so.
They would rather see their families starve than lose faith in the worst con man the country has ever known.

[empedocles]

10. Lot of pol'tics is about who hates who

However, I like to think and hope that the 71% number is lower than it was 2 years ago.

[Takket]

11. They got what they voted for

If they don’t like it, they can vote for someone else in 2020

[spanone]

13. Are they still supporting trump?

If so I have little empathy.

[lunasun]

14. Trump said he is promising 15Billion aid on the 8Billion predicted loss so

[Wounded Bear]

15. And BigAg is licking their chops, waiting to snatch up all the failing family farms...

[blueinredohio]

16. Elections have consequences

[spanone]

17. and stolen elections have the same consequences

apparently

[Botany]

18. And the Dow Jones is @:

−224.52 (0.87%)
May 10, 10:31 AM EDT ·

[DFW]

19. And you know what? Those who voted for Trump last time will STILL do it again.

Fox Noise is all these people watch, and if Fox says vote Trump, they will do so, even if it means facing a Trump-ordered firing squad the next morning.