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America’s farmers take the hit from Trump’s trade wars, unleash on Ag Sec.

By Jack Ohman
The Sacramento Bee

August 8, 2019

“‘We’re not doing great’: Furious farmers unleash on Trump’s Ag Secretary after he tells joke about whining farmers”

President Donald Trump’s promises to rural America haven’t worked out well. He promised farmers that he would fight for them and get better trade deals. He failed. He then promised farmers that he would bail them out with a subsidy saving them from the trade war. He failed, giving the overwhelming majority of the subsidies to corporate farms, most of which aren’t even in rural American. Now farmers are striking back.

Bloomberg News reported a meeting between farmers and Sec. of Agriculture Sonny Perdue did not go well Wednesday [August 7].

‘Farmers’ discontent over President Donald Trump’s escalating trade war with China erupted into the open,’ the site reported.

Gary Wertish, president of the Minnesota Farmers Union, unleashed on Perdue calling out the administration for causing ‘devastating damage not only to rural communities.'”

“He trashed Trump’s $28 billion ‘trade aid,’ saying that the public already views it ‘as a welfare program’ or ‘bailouts,'” by Sarah K. Burris, Raw Story.

Read more

“Ag loan delinquencies increasing — Farm Bankruptcy filings up 13%”

“Following several years of low farm income and rising debt levels, a review of Federal Deposit Insurance Corporation quarterly call report data reveals delinquency rates for commercial agricultural loans in both the real estate and non-real estate lending sectors are at a six-year high,” by John Newton, Ph.D., Chief Economist, American Farm Bureau Federation.

Read more

Posted by Steve on August 11, 2019 at 12:01 am | Permalink

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