Trade

Farmers Lose Crops They Stored Because of Trump’s Trade War

Written by SK Ashby

As you may know, Trump's trade war with Mexico, Canada, and China forced American farmers to leave billions of tons of agriculture in storage through the winter because they couldn't sell it, but now many of them will never be able to sell it.

They'll never be able to sell it because the crops have been destroyed.

Many of the facilities that the agricultural industry uses to store crops sit along the Mississippi river which saw record-setting flooding in recent weeks that wiped out the crops in storage.

The USDA has no mechanism to compensate farmers for damaged crops in storage, Northey said, a problem never before seen on this scale. That's in part because U.S. farmers have never stored so much of their harvests, after years of oversupplied markets, low prices and the latest blow of lost sales from the U.S. trade war with China - previously their biggest buyer of soybean exports. [...]

Across the United States, farmers held soybean stocks of 2.716 billion bushels as of March 1, the largest on record for the time period, the USDA said on Friday. Corn stocks were the third-largest on record.

With farm incomes declining for years before the flood, many farmers had planned to sell their grain in storage for money to live, pay their taxes or finance operations, including planting this spring.

This is a perfect storm of conservative policy failure and Trumpism.

Record-setting flooding that was undoubtedly fueled by climate change swamped an area where farmers were storing crops while Trump flails through trade negotiations that he doesn't even understand.

If this doesn't convince Midwestern farmers than voting for Trump and Republicans in general was a big mistake, I don't know if anything will.