Donald Trump’s ‘Buy American’ isn’t gonna help them….
They HAVE to stay in the world markets or lose their shirts…..
Rural communities likely will bear the brunt of the continued pressure on farmers, as job losses and lower farmland values cut the tax base for schools and other public services.
Anxiety over the U.S. role in agricultural trade has grown in recent months amid moves by President Donald Trump to withdraw the U.S. from the Trans-Pacific Partnership, which was backed by many farm groups, and potential changes to the North American Free Trade Agreement, which they say helped develop exports to Canada and Mexico.
Russia over the past decade boosted its wheat harvests by 61%, the USDA forecasts. Corn acreage has nearly tripled in Russia, and more than doubled in Ukraine. Brazil and Argentina have also ramped up output of the grain.
Foreign farm powers in South America and Eastern Europe owe some of their grain-market victories to favorable exchange rates—a strong dollar, the currency used for global trade, means foreign grain priced in local currencies can reap bigger profits.
Other countries have structured trade policy to benefit their farm sectors and have invested in infrastructure such as barge terminals and railroad networks to cut transport costs.
In the U.S., about one-third of the corn crop is used for fuel production, and conservation programs have removed land from farming.
The shift has benefited global food security. Having multiple, strong exporters of grain around the world can help prevent supply disruptions due to weather or trade, farm economists say.
Also part of the silver lining: booming international revenue for U.S. companies such as Monsanto Co. , Deere & Co. and Mosaic Co. , who sell genetically engineered seeds, satellite-guided tractors and fertilizer to farms outside America. In some cases, U.S. companies design products and seeds specifically for foreign markets….Share on Facebook