Brutal map shows why U.S. farmers want Trump to 'end the trade war'

[modrepub]

The ongoing battle over tariffs between President Trump and China is negatively affecting farmers across the US.

The conflict is expected to worsen as Trump instructed his aides on Friday to carry out his tariff plans of $200 billion in Chinese products. Even the cost of Hurricane Florence is made worse by the trade war.

“The trade war is having impacts on all agricultural sectors,” Gary Schnitkey, Professor in Farm Management at the University of Illinois, told Yahoo Finance in a phone interview.

According to a recent map, provided by the US Department of Agriculture’s Economic Research Service and highlighted by the farmdoc project at the University of Illinois, the net cash farm income has decreased in every American region in comparison to 2017.







Link: https://finance.yahoo.com/news/brutal-map-shows-u-s-farmers-want-trump-end-trade-war-123443562.html

[wasupaloopa]

1. Are we tired of winning yet? Farmers say they

are willing to sacrifice because trump knows what he is doing.

I use to think that people who suffer when there is an alternative would learn a lesson and demand change. But that does not hold true for the deplorables.

[empedocles]

2. Hate is powerful,

but economics goes deep.

Some deplorables will never learn - but some trump voters are slowly 'learning'.

[democratisphere]

3. "Mr. Bankruptcy" will add more to the national debt and bailout the farmers

for unnecessary actions wholly and solely owned by him. drumpf is blowing through dough like every other irresponsible redumbliCON.

[Ohio Barbarian]

6. He will indeed. I've heard a few farmers on NPR saying that the proposed bailouts aren't

anywhere enough to offset the loss of exports to China. This discontent, combined with local political factors, may well help elect Democrats in Kansas. We shall see.

[democratisphere]

7. Really hope so!

Time for people to see the light!

[SaveOurDemocracy]

15. Welcome to DU? What brings you back here; things slowing down at JPR? n/t

[Ohio Barbarian]

27. Heh! They are actually having some technical difficulties, but that's not it. It's partly curiosity,

partly because I really am a registered Democrat, and partly because I truly detest the Trump Administration and the current Republican Party.

I have no interest in any kind of board war or trolling. I'm 60 and have better things to do with my time, but you don't know that, so the question mark is understandable. I'll just say thank you, I appreciate it.

This country simply cannot afford another Trump or Pence term. The only way to stop that is to see a Democrat beat them, and preferably crush them, in 2020. That must be the paramount political goal of most Americans. IMHO.

[GeorgeGist]

8. He doesn't have Gary Cohn around anymore ...

to tell he can't just print more money.

[calimary]

10. Maybe he can appeal to the Russians to pump some big bucks in

to save his ass again. Like he regularly did in the private sector.

[democratisphere]

14. I think Mueller is learning about most of the channels used

to launder money into the US by russians and russian oligarchs. That may no longer be an option for drumpf et al.

[SayItLoud]

17. BailoutsSocial-I S M

Shocking!
(sarcasm)

[Golden Raisin]

4. Real test will be if they stop voting Republican and

for Trump, should he run again. Talk is cheap.

[elleng]

5. Interesting.

Appalachia took the biggest hit.

[Farmer-Rick]

24. Yup, corn and soybeans are our biggest crops

But mostly it's GMO crap. You can always tell the GMO corn, the dead weeds under the small, one to 2 foot, stalks. When I grow corn, I have mulch or piles of weeds pulled from around the corn or frequently both. Corn lets every damn weed grow up around it, until it gets tall enough to shade them out. But if you don't keep weeding it, the weeds will smother the stalks out.

I really appreciate this info. Now, I know why so many chemical farmers dumped corn at the farmers' market.

A poster here claimed there was no change in farm revenue this year. Glad to have the facts. I knew my neighbors were kind of down in the mouth. Luckily for me, my customers love my organic baby and full ear corn and are willing to pay me a fair market price for it.

[Pepsidog]

9. Farmers better learn to grow brains

[ffr]

16. lol

[Ohio Barbarian]

11. Thank you for the map. Most enlightening. Interesting that my region of the country is the least

affected, though a drop of 13% is still a major hit. I wonder if it is because there are still regional grocery store chains and a plethora of small grocers and farmers' markets that at least buy regionally in this neck of the woods. That's sheer speculation on my part; I really don't know.

[modrepub]

28. You're Welcome

Of course this doesn't consider any multiplier effects. Figure less farm income, less equipment purchases, less overall spending in farm country, possibly more missed loan payments leading to more foreclosures. Poor performance at rural banks leading to less investment available for farm improvements, seed/fertilizer purchases and so on. But I guess we should see some lower prices at the grocery store (maybe).

It may take years for this to actually have an impact, if it does at all. For all the bragging farmers do about their impact on the US economy, their contributions are relatively small on the GDP scale and farmers make up less than 2% of the workforce in the US; the curse of being one of the most productive workforces in the world.

[Ohio Barbarian]

29. Oh. Wow. Good points, thanks. Nice analysis, and I had forgotten about the small GDP portion bit.

Good to know. Maybe that's one reason the Trump Administration doesn't seem to give much of a shit about farmers. Maybe they figure they can sucker the stupid farmers into voting for them again.

Maybe they're right; I don't know yet.

[no_hypocrisy]

12. Trump can't blame this on Obama.

Painted himself into the proverbial corner.

[Bernardo de La Paz]

13. 2018 forecast net loss of $12,000,000,000

https://www.ers.usda.gov/topics/farm-economy/farm-sector-income-finances/highlights-from-the-farm-income-forecast/

Notice how income rose during the Obama years:

Net farm income, a broad measure of profits, is forecast to decrease $9.8 billion (13.0 percent) from 2017 to $65.7 billion in 2018, after increasing $13.9 billion (22.5 percent) in 2017. Net cash farm income is forecast to decrease $12.4 billion (12.0 percent) to $91.5 billion. In inflation-adjusted 2018 dollars, net farm income is forecast to decline $11.4 billion (14.8 percent) from 2017 after increasing $13.0 billion (20.3 percent) in 2017. If realized, inflation-adjusted net farm income would be just slightly above its level in 2016, which was its lowest level since 2002

[workinclasszero]

18. It appears the cost of GOP treason, lies and hate is high in farm country, go figure

Womp womp Trump loving farmers, my thoughts and prayers go out to you.

[AllaN01Bear]

19. manuy of these same farmers who voted for him are now paying for it bigtime

[warmfeet]

20. Elections have consequences.

Who'da thunk?

[Beartracks]

21. Hey, Republicans: This why Trump has had so many bankruptcies...

.... It's because he absolutely sucks at making business decisions.

And your GOP politicians think this kind of American hurt is okay.

===========

[djacq]

22. Take it from a Jedi;

[link:

|

[ejbr]

23. Listen

are we gonna believe Trump or our lying eyes?

[AllyCat]

25. And yet they still support him and his lunacy.

[JustAnotherGen]

26. Not my problem

All I can do is focus on my list three exclusion request. The Section 301 Investigation says the tariffs are for "national security". They aren't. They are a Trump Vanity Insanity.

We are dealing with a petulant child elected by petulant children.

Let them eat cake. If they won't put the oxygen masks on themselves - then they should suffocate.