Wright Thompson
๐ค SpeakerAppearances Over Time
Podcast Appearances
They bought 5% of what they bought last year.
Those are the real numbers.
And so nobody's buying soybeans.
The other thing is that the incredible investments in Brazilian agricultural infrastructure have brought Brazil up to like growing industrial crops.
So that has driven the price down of cotton, soybeans, rice, and corn.
I think the day Obama left office, the three industrial-sized cotton crops in the world were China, India, and the United States.
Now it's China, India, Brazil, and the United States.
Having all of these massive industrial-sized crops brought online...
directly because of tariff threats the first time.
I mean, it's taco.
He always chickens out.
But the damage has been done.
Like, if we elected an entire new government tomorrow, I mean, I don't know how long it would take to get those markets back.
And the prices aren't coming back for a long time.
I mean, this is like a real existential threat for the American farmer.
And I don't think that government payments are going to get it done.
A lot of people are going oopsie because I think they just sort of thought that people just want to own the libs and sort of thought that this was all talk and nothing was going to happen.
And people are going to lose their family farms.