Trade

Farm Lobby Calls for a Third Bailout

JM Ashby
Written by JM Ashby

Trump's second bailout for the American agricultural industry is still theoretical at this point and hasn't even begun, but the farm lobby is already calling for a third bailout.

The American Farm Bureau says that if Trump's trade war persists through the next growing season, they're going to need another bailout to go along with it.

From Reuters:

[American Farm Bureau Federation President Zippy Duvall] said the Farm Bureau is growing concerned that U.S. farmers could potentially enter a third year with restricted access to key export markets - at a time when the farm economy has been battered by low crop prices and is battling flood damage across the Midwest.

“If we’re not going to get USMCA finished, if we’re not going to get the solution to our problems in China or Japan, then we need to be talking about another payment to try to hold farmers over until that gets done,” Duvall said.

I'm not sure what the USMCA has to do with this as ratifying it would change virtually nothing. But I digress.

I don't find it difficult to imagine that the industry could call for a third bailout next year even if Trump's trade wars are miraculously resolved. Access to markets they've lost access to won't be restored overnight and, in some cases, access may never be restored.

Why should Chinese importers who are sourcing their goods from Brazil resume purchases of crops from America knowing that America is run by nincompoops who could jeapordize the market all over again on a whim?

It will require a years-long public relations campaign from the next presidential administration to regain the trust Trump has pissed away. It could take years if not a decade or longer to fully restore and expand access to foreign markets. And we can't bail out the farm industry every year. At some point, they have to pay the price for their part in electing Trump.

Unfortunately, we're all going to pay for that, too.

  • waspuppet

    Why should Chinese importers who are sourcing their goods from Brazil resume purchases of crops from America knowing that America is run by nincompoops who could jeapordize the market all over again on a whim?

    From 2009-2016, Republicans constantly screamed “OMG the president is creating UNCERTAINTY which DESTROYS markets!”

    Now it’s all “Yeah let’s blow everything up. The game show host and failed real estate developer knows what he’s doing.”

    I can’t qwhite figure out why it’s different now.

  • muselet

    The American Farm Bureau says that if Trump’s trade war persists through the next growing season, they’re going to need another bailout to go along with it.

    Has it not occurred to the no doubt fine folks at the American Farm Bureau that withdrawing support from Donald Trump would be a far better option in the long run (not to mention no worse in the short term)?

    It will require a years-long public relations campaign from the next presidential administration to regain the trust Trump has pissed away.

    It will take efforts from the next several presidential administrations, but the next one will be critically important. I don’t envy that person at all.

    –alopecia

    • mnpollio

      “Has it not occurred to the no doubt fine folks at the American Farm
      Bureau that withdrawing support from Donald Trump would be a far better
      option in the long run (not to mention no worse in the short term)?”

      For sensible people, yes – that would be an obvious solution. However, Trump hates the same people they do and that is ALL that matters. So long as the Rancid Cheetoh keeps making liberals cry and destroys the lives LGBT, feminists, immigrants, the sick, the poor, non-Christians, non-whites, etc., that is worth the trade to them. It can never be said enough – “The cruelty is the only point.”

      • muselet

        True, alas.

        –alopecia