Stalin
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- Joined
- Apr 4, 2008
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yet another frump economic miracle
At the Purfeerst farm in southern Minnesota, the soybean harvest just wrapped up for the season. The silver grain bins are full of about 100,000 bushels of soybeans, which grab about $10 a piece.
This year, though, the fate of the soybeans, and the people whose livelihoods depend on selling them, is up in the air: America’s soybean farmers are stuck in the middle of a trade war between the US and China, the biggest purchaser of soybean exports, used to feed China’s pigs.
“We are gonna have to find a home for them soybeans some time soon,” said Matt Purfeerst, a fifth-generation farmer on the family’s land. “They won’t stay in our bins for ever.”
No other country comes close to purchasing as many American soybeans as China – last year, it was more than $12bn worth. This year, the country has not purchased a single dollar’s worth, cutting off the country that makes up about half of US soybean exports.
While Trump has said he intends some sort of payment to go to soybean farmers hurt by tariffs, an announcement of a specific plan is on hold while the government is shut down. He said in a Truth Social post last week that he would be meeting with the Chinese president soon and “soybeans will be a major topic of discussion”.
The White House cast blame on Democrats for the government shutdown for the delay in a response to the Guardian on Wednesday, erroneously claiming they were prioritizing healthcare for migrants over farmers.
www.theguardian.com
comrade stalin
moscow
At the Purfeerst farm in southern Minnesota, the soybean harvest just wrapped up for the season. The silver grain bins are full of about 100,000 bushels of soybeans, which grab about $10 a piece.
This year, though, the fate of the soybeans, and the people whose livelihoods depend on selling them, is up in the air: America’s soybean farmers are stuck in the middle of a trade war between the US and China, the biggest purchaser of soybean exports, used to feed China’s pigs.
“We are gonna have to find a home for them soybeans some time soon,” said Matt Purfeerst, a fifth-generation farmer on the family’s land. “They won’t stay in our bins for ever.”
No other country comes close to purchasing as many American soybeans as China – last year, it was more than $12bn worth. This year, the country has not purchased a single dollar’s worth, cutting off the country that makes up about half of US soybean exports.
While Trump has said he intends some sort of payment to go to soybean farmers hurt by tariffs, an announcement of a specific plan is on hold while the government is shut down. He said in a Truth Social post last week that he would be meeting with the Chinese president soon and “soybeans will be a major topic of discussion”.
The White House cast blame on Democrats for the government shutdown for the delay in a response to the Guardian on Wednesday, erroneously claiming they were prioritizing healthcare for migrants over farmers.
US farmers caught in Trump-China trade war – who’ll buy the soybeans?
Tariffs have caused a Chinese exit from the soybean market – and midwestern farmers are waiting on a solution
comrade stalin
moscow
