Farmer Bailout - $12 Billion

8,530 Views | 117 Replies | Last: 20 days ago by Ed Harley
GeorgiAg
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I wanted to see y'alls opinion on this. I am still not a fan of tariffs since they are a tax on US citizens and businesses, and it is having impacts like this so that we have to use taxpayer money to bail out the harm caused by tariffs. My general opinion is get rid of the tax and spend mentality, not increase it.

My understanding of tariffs is that for most goods, they are a one-time inflation shock and then everyone adapts so the inflationary shock is not an ongoing thing. But I don't think that applies to farm/agriculture when other countries are simply buying elsewhere. Plus, I wonder how much pressure this puts on this administration to cave on other things like sensitive chips to China, for example.



Texas 8&4
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Trump is a dufus
waitwhat?
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GeorgiAg said:

But I don't think that applies to farm/agriculture when other countries are simply buying elsewhere. Plus, I wonder how much pressure this puts on this administration to cave on other things like sensitive chips to China, for example.

The tariffs are on imports, not exports.
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Forum Troll
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1. Raise taxes
2. Give tax relief

Genius.
Duffel Pud
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Suddenly Somalians are all farmers.
GeorgiAg
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waitwhat? said:

GeorgiAg said:

But I don't think that applies to farm/agriculture when other countries are simply buying elsewhere. Plus, I wonder how much pressure this puts on this administration to cave on other things like sensitive chips to China, for example.

The tariffs are on imports, not exports.

yes, but countries are choosing to buy elsewhere in retaliation for tariffs.
DarkBrandon01
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Any company that requires bailouts to survive should just be owned by the government.
javajaws
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How much of this will go to mega-corp farms vs small individual farms? Corporate farming doesn't need a handout IMO. But then again I'm not a farmer so what do I know.
AJ02
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Normally, I absolutely agree. But I'd imagine a lot of the crops they're currently harvesting and unable to move were planted well prior to Trump's tariffs. So you can't really fault the farmers for not wanting to get stuck with rotting inventory that they anticipated they'd be able to sell overseas, only to have tariffs pull the rug out from under them. I'm aware other industries have similar issues with excess stock as a result of tariffs, but most other industries aren't running up against expiration dates.
javajaws
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AJ02 said:

Normally, I absolutely agree. But I'd imagine a lot of the crops they're currently harvesting and unable to move were planted well prior to Trump's tariffs. So you can't really fault the farmers for not wanting to get stuck with rotting inventory that they anticipated they'd be able to sell overseas, only to have tariffs pull the rug out from under them. I'm aware other industries have similar issues with excess stock as a result of tariffs, but most other industries aren't running up against expiration dates.

That's a good point, and just goes to show you how ad hoc all this tariff crap is without much if any planning or analysis of cause/effect.
B-1 83
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DarkBrandon01 said:

Any company that requires bailouts to survive should just be owned by the government.

I know you think this is some sort of intelligent quip, but it shows a total cognitive disconnect about the strategic and economic interests of this country. The current commodity situation is years in the making, and international in scope. Why are you against the preservation of family farms?
Being in TexAgs jail changes a man……..no, not really
Mas89
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You just have to drive thru all the rural Midwest states to understand that the farm economy supports so much of rural America. With the needed tariffs to fairly balance international trade, farm commodity prices have been at an all time, inflation adjusted low price. Trump is pulling all the right levers on trade and doing a great job. So glad we have a president doing his best for the interest of Americans finally.

This 12 Billion " bailout " is a drop in the bucket compared to all the USAID fraud billions Joe Xiden and his diaper changers sent to his friends and fellow communist around the world the previous 4 years.
AgResearch
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Buy the surplus corn and soybeans and then feed ocean with them. As a farmer, I'd rather see that than mailbox money.
Cyprian
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I'm glad these tariffs are working out so well -- now we need to add more subsidies into the economy
HTownAg98
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Know how this could have been avoided? Not putting in a stupid tariff in the first place.
one safe place
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No handouts. Either return it to those who actually pay taxes or put it on the debt.
Iowafarmkid
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On the grain side you would be hard pressed to find a corporate farm, I believe most of this is going to soybean and grain sorghum farmers since such a large % of that crop historically gets exported to china. With as bad as margins are in grain farming right now, this is barely a band aid
Bigballin
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Did John Deere stock go up today?
doubledog
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I like going to the super market, where the shelves are stocked and food is still relatively inexpensive.
Over_ed
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waitwhat? said:

GeorgiAg said:

But I don't think that applies to farm/agriculture when other countries are simply buying elsewhere. Plus, I wonder how much pressure this puts on this administration to cave on other things like sensitive chips to China, for example.

The tariffs are on imports, not exports.

Midterms coming up. Chinese stopped buying American soybeans because of his tariffs.

So now Trump has to make it up to our farmers.

We pay for the tariffs (higher prices), then we pay for the reprisals. What's not to like?

Coming up -- more significant inflation due to sellers running out of stockpiled goods bought before tariffs took effect.

eric76
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DarkBrandon01 said:

Any company that requires bailouts to survive should just be owned by the government.

We do not need to become Communist.

Let the markets do their work.

The fastest path to poverty is most likely to let the government control agriculture.
Ghost of Andrew Eaton
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Is anyone surprised?
If you say you hate the state of politics in this nation and you don't get involved in it, you obviously don't hate the state of politics in this nation.
Bondag
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There will come a point when you can make more putting a windmill on your land than you can working it. We may be close.

Can't let that happen or we starve like democrats want us to.
eric76
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Bondag said:

There will come a point when you can make more putting a windmill on your land than you can working it. We may be close.

Can't let that happen or we starve like democrats want us to.

Be careful. Having a wind generator farm on your property doesn't mean you are making anything from it.

One guy I know was really pushing for wind generators and he has a sizeable amount of his land with them now. The things hardly ever run and I'm told that he is constantly fighting with them. One common question is whether or not he is making any money on them.

Another guy I know who has wind generators on his land told me that they pay a whole lot less than what their salesmen lead you to expect.

You need to remember that the real purpose of wind generators is for the owner of the generators to get lots of tax credits, not to actually produce electricity. And once the tax credits run out, they don't care about the wind generators any more.
Quad Dog
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Who could have predicted this would have happened again when it happened the first Trump term when he played around with tariffs and had to bail out farmers in 2018?
Mas89
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Quad Dog said:

Who could have predicted this would have happened again when it happened the first Trump term when he played around with tariffs and had to bail out farmers in 2018?

I can't think of a single product produced in the United States that hasn't benefited from direct government subsidies in one form or another.
Let's start a list of non agriculture products heavily subsidized: steel, automobiles, oil, gas, ethanol, electricity, electric vehicles, rail road equipment, computer chips, timber products, chemicals, pharmaceuticals, roads, airports, rail lines, shipping ports, etc. I could go on for days.

And to top it all off, our whole economy has been bailed out repeatedly by the 37 Trillion in deficit spending over the last 40 years or so.
Ed Harley
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Farmers hate welfare until they are the recipients.
infinity ag
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So much for "free markets" and "we are capitalists" and "we are conservatives".

All the while giving subsidies to farmers!

We need to quit the charade.
infinity ag
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Mas89 said:

Quad Dog said:

Who could have predicted this would have happened again when it happened the first Trump term when he played around with tariffs and had to bail out farmers in 2018?

I can't think of a single product produced in the United States that hasn't benefited from direct government subsidies in one form or another.
Let's start a list of non agriculture products heavily subsidized: steel, automobiles, oil, gas, ethanol, electricity, electric vehicles, rail road equipment, computer chips, timber products, chemicals, pharmaceuticals, roads, airports, rail lines, shipping ports, etc. I could go on for days.

And to top it all off, our whole economy has been bailed out repeatedly by the 37 Trillion in deficit spending over the last 40 years or so.


sooooooooooooooooooooooooo you are saying that we are NOT a capitalistic free-market oriented country??
Ed Harley
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Mas89 said:

Quad Dog said:

Who could have predicted this would have happened again when it happened the first Trump term when he played around with tariffs and had to bail out farmers in 2018?

I can't think of a single product produced in the United States that hasn't benefited from direct government subsidies in one form or another.
Let's start a list of non agriculture products heavily subsidized: steel, automobiles, oil, gas, ethanol, electricity, electric vehicles, rail road equipment, computer chips, timber products, chemicals, pharmaceuticals, roads, airports, rail lines, shipping ports, etc. I could go on for days.

And to top it all off, our whole economy has been bailed out repeatedly by the 37 Trillion in deficit spending over the last 40 years or so.

How about small business owners that produce none of the above? Where is their bailout?
AggieVictor10
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Socialism by another name.
Mas89
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Duh… our whole economy, including those small businesses would have collapsed years ago without the government bailout. Think 1930s.

This is the part that so many otherwise intelligent, educated people just can't comprehend.
Mas89
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Obviously not. But much better off than Cuba, Haiti, Africa, and pretty much the rest of the world.
But please invest your money in the country you admire most.
Ed Harley
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Mas89 said:

Duh… our whole economy, including those small businesses would have collapsed years ago without the government bailout. Think 1930s.

If Trump says it, you believe it, obviously. I suspect the millions of small business owners that have gone under since the time period you mentioned don't.
BigRobSA
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Mas89 said:

With the needed tariffs ...

bull****

Deregulate, massively
Cut taxes

Gut spending while you're at it.


Quit with the fiscal liberalism
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