Let's talk about why farmers are rejecting Trump’s plans....
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Why are farmers rejecting Trump's trade and bailout plans?
Well, howdy there, internet people it spell again. So today, we're going to talk about why farmers are rejecting Trump's plans. Well, as pretty much every economist predicted, Trump's trade war turned out to be ruinous for American agriculture. Again. His tariffs were such an abject failure that America's farmers need a bailout. Again. They haven't needed a bailout like this since well, the last time Trump was in office. Shortly after Trump announcing the use of billions of US tax dollars to pay for the economic damage he caused came out. Farmers started pushing back.
How did Trump’s tariffs and the promised China deal affect soybean growers?
It's led to questions like this. Bell. Why are soybean farmers saying the bailout isn't enough? I'm sure you'll cover this, but the estimates I see say the industry will lose about seven billion. The bailout is twelve. Is this a bailout to big ag donors and another Trump scam? Okay. So first, pretty much all agriculture bailouts benefit big ag. Why?
What’s the real size of the agricultural bailout and who really benefits?
Because after years of policies like this, the small time farmer is becoming less and less of a thing. They're driven under and big producers buy them up. And then hedge fund billionaires claim to be soybean farmers. But that's not why a lot of the farmers are mad. Let's start with this. Trump announced a deal and said China was going to buy their normal rate by the end of the year. That turned out to be a lie, he said. They've now pushed the deadline to purchase them back months. Which means next year's numbers are off two.
Why do small‑scale farmers feel left out by big‑ag bailouts?
So there's that. But the biggest reason is that they've already read the fine print and It's not twelve billion for soybean farmers, even though that's the headline. That's for all row crop farmers, not just soybean. Half of all US farms are losing money. Also, it's not twelve billion, it's eleven billion. Because even though they announced twelve, they're holding a billion back. John Bartman, a soybean farmer and not US Treasury Secretary in Illinois, said quote. It's just the stupidity of the whole situation that we're in this mess.
What role does Trump’s attitude and environmental policy changes play in farmer anger?
And why is China not upholding their end of the bargain? Why do we have to have this payment in the first place? Some are also mad because of Trump's attitude about it. He literally said that the money for the aid wouldn't be possible if it weren't for tariffs. Quote. This money would not be possible without tariffs. The tariffs are taking in, you know, hundreds of billions of dollars. And we're giving some up to the farmers because they were mistreated by other countries for maybe right reasons, maybe wrong reasons. Necessary.
Why do many farmers say the aid is ‘too little, too late’?
Necessary is the word I think he was looking for. The money wouldn't be necessary without tariffs. Imagine telling people to be grateful in this situation. You're lucky I drove my truck through your house because my insurance will almost cover your losses. Trump then said he would help everybody by getting rid of a lot of the environmental restrictions on farm equipment. I'm sure companies like John Deere appreciate that. Since they're projecting a one point two billion dollar hit from the tariffs next year. And they've had a rough year for farm sales because, you know, Trump's policies disrupted the entire ag industry. Why are many mad? Because for many, it's too little too late. And they gained nothing except a snide comment implying they should be grateful.
Anyway, it's just a thought. Y'all have a good day.
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Chapters
6 chapters
1
Why are farmers rejecting Trump's trade and bailout plans?
0:01–0:47
2
How did Trump’s tariffs and the promised China deal affect soybean growers?
0:47–1:17
3
What’s the real size of the agricultural bailout and who really benefits?
1:17–1:56
4
Why do small‑scale farmers feel left out by big‑ag bailouts?
1:56–2:40
5
What role does Trump’s attitude and environmental policy changes play in farmer anger?
2:40–3:23
6
Why do many farmers say the aid is ‘too little, too late’?
3:23–4:29
Speakers
1 identifiedMore from Belle of the Ranch
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