U.S. Farmer Income Drops

[RandomGuy]

Personal income for farmers fell by the most in three years in the first quarter, as losses to U.S. agriculture mount from President Donald Trump’s trade wars.

The Commerce Department on Monday cited the steep decline in farm proprietors’ income as a key factor weighing on the nation’s overall personal income growth in March, even though agricultural producers represent only about 2 percent of total employed Americans.


The report provided fresh evidence of the growing financial strain on U.S. farmers hit by the trade war, low commodity prices and a series of natural disasters including spring floods in the Midwest. With rural voters a key part of Trump’s electoral coalition, it also underscores the political pressure to conclude the China trade war as U.S. negotiators begin another round of talks in Beijing this week

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https://www.bloomberg.com/news/articles/2019-04-29/farmer-income-drops-most-since-2016-amid-trump-trade-war-pain


Further reading on topic:

Why you should never start a trade war with an autocracy
Unlike the EU, China seems willing to pay any price to punish Donald Trump’s voters
Print edition | Graphic detail
Apr 27th 2019
https://www.economist.com/graphic-detail/2019/04/27/why-you-should-never-start-a-trade-war-with-an-autocracy

https://infographics.economist.com/2019/20190427_GD411_tradewar/20190427_GDC411_Tradewar-Artboard_1_copy_3.png

[Trainwreck2100]

That's alright they'll find some way to blame the dems

[boutons_deux]

farm equipment mfrs getting killed, too

[a777pilot]

That's alright they'll find some way to blame the dems

As well they should.

[CosmicCowboy]

Modern farming technology, hybrid seeds, glyphosate, factory farming, plus burning the rainforests for fertile cropland has resulted in a worldwide glut and low prices. This didn't just start. They are commodities subject to supply/demand commodity pricing.

[boutons_deux]

Trash has no more $Bs in aid for farmers that he is screwing

[spurraider21]

I may lose the farm, but I strongly feel we need some border security

[DMC]

Maybe a grain of truth in there. I'm sure you'll milk it for all it's worth even if it's a bit corny.

[a777pilot]

Democrats don't care about farmers.

[spurraider21]

Maybe a grain of truth in there. I'm sure you'll milk it for all it's worth even if it's a bit corny.

https://www.youtube.com/watch?v=8X_Ot0k4XJc

[CosmicCowboy]

If you have less than a thousand acres of fertile land farming should be a hobby and not a full time job.