Does this mean deer corn gonna be cheaper this year ?
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No surprise to anyone in the industry. There was no way were were going to get this trade aligned without taking some hits. I have been affected by the steel tarriffs with an annual increase of over $125,000 on my steel items out of China. So you hike up your boots.. get the team together...create a game plan and push forward. And yes China is feeling the repercussions as well...my steel factories over there are taking a MASSIVE hit!!!!!!
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Originally posted by Clay C View PostDefinitely don't like this, we will see what this actually contains. I'm sure most of it isn't for farmers at all, but for the other welfare programs like usual.
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Originally posted by psicoo View PostWorking so well, farmers having to be bailed out to tune of 12B. Out!
Also pretty cool to see a Family Heritage Land sign on a farm in Texas, if you fellers know what that means.
Reckon I dont get no mailbox money for our little farm, guess Uncle Donnie dont care about me.
Last edited by Radar; 06-05-2019, 04:53 PM.
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Originally posted by Man View PostNo surprise to anyone in the industry. There was no way were were going to get this trade aligned without taking some hits. I have been affected by the steel tarriffs with an annual increase of over $125,000 on my steel items out of China. So you hike up your boots.. get the team together...create a game plan and push forward. And yes China is feeling the repercussions as well...my steel factories over there are taking a MASSIVE hit!!!!!!
Farmers, on the other hand, don't get to set the sales price for the products they produce. Steel tariffs will make tractors and implements cost more, eating into farmers' thin profit margins. Then when tariffs and trade wars cause commodity prices to fall, that hits them even harder.
Trade wars are double-edged swords. It's just a big game of chicken, trying to see which nation's government is willing to harm its own citizens in order to punish another country the longest.
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The FARM BILL has been a political hot potato for 40 years at this point. I remember the discussions as an undergraduate in the early 80's with Collegiate FFA Advisors. I will always side with farmers but lets not confuse the term farmers. YES, most farms & farmers that "move the market" are massive operations...….just like any other business. We tend to look at farmers and "think" mom & pop as Americans, that view is from post WWII. Those numbers have dwindled and continue to. I also clearly understand that we feed the world and need to protect that designation. A few countries have strong niches...(soybeans in Brazil)……….when they can get the crop out of the field on time!!! Honestly, $12 Billion is a lot of "additional" dollars. The farm bill has a lot of waste and we all know it sadly. This "additional" $12B is directly associated to the huge losses incurred due to the trade war. A global trade war being 'right or wrong' as a political strategy has always been COSTLY!!! This is self-imposed based on the decision to go forward with a global trade war after bipartisan voices strongly advising against it...….based on HISTORICAL data & outcomes!!! China is willing to starve their folks to win (or just ride out) this trade war...……...we are not willing to deaux the same. This sorta gives them an unfair advantage as our primary motivation is MONEY. Their thought process is multi-generational or better yet millennia in scope and could care less about the individual...….it is about the whole!
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Originally posted by Shane View PostMost industries can just increase the price of the goods they sell when their costs increase (whether the cause is government action or something else). So the consumer ends up paying most of the added cost of the steel tariffs in your industry's case. The industry will be fine, but consumers will pay the price.
Farmers, on the other hand, don't get to set the sales price for the products they produce. Steel tariffs will make tractors and implements cost more, eating into farmers' thin profit margins. Then when tariffs and trade wars cause commodity prices to fall, that hits them even harder.
Trade wars are double-edged swords. It's just a big game of chicken, trying to see which nation's government is willing to harm its own citizens in order to punish another country the longest.
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