I don’t thing City slicker Donald Trump has any idea that US farmers help feed the WORLD…..
Not just America….
Export/Import protectist taxes would ruin their livelihoods ….
U.S. farmers need exports to keep already low commodity prices at home from collapsing. Gluts have pushed down corn prices to less than half their 2012 peak, and farmer profits may fall for the fourth straight year, the longest streak since the 1970s, the government said on Feb. 7.
That’s why U.S. farmers have backed trade deals such as the Trans-Pacific Partnership, which promised an additional $4 billion to $5 billion of sales by opening Pacific Rim nations to U.S. meat, dairy, and grain. But pulling out of the TPP was one of Trump’s first acts as president. He’s also threatening to leave the North American Free Trade Agreement with Canada and Mexico. Both moves stoke worries that attempts to protect manufacturing could harm farmers, with countries such as China retaliating against taxes on finished goods exported to the U.S. by buying commodities elsewhere, says Ed Schafer, who served as agriculture secretary under President George W. Bush. “Trade issues are not as simplistic as President Trump thinks,” he says.
Bob Young, chief economist for the American Farm Bureau Federation, the largest U.S. farmers group, rattles off a series of competitors ready to eat the U.S.’s lunch: Brazil and Argentina in global corn and soybean markets; Ukraine and Russia in grain and oilseeds; Australia and New Zealand in meat and dairy.
Australia is still pushing for a TPP without the U.S., to lock in potential trade gains in Asia. Europe is buying more Ukrainian corn, enjoying lower tariffs that squeeze out U.S. suppliers who had hoped to gain from a European Union trade deal. Brazil and Argentina are becoming the first choice for Chinese buyers who wait for those nations’ spring harvests—when prices are lower—to make purchases.
Competitors are penetrating markets the U.S. once owned…..Share on Facebook