The Montana Farmers Union reports the Trump Administration’s widespread tariffs already caused a significant drop in the price of several crops -- and they say
Unfoortunately, it says prices (presumably domestic) dropped though - that should be good for US consumers, all else equal.
I’d expect the people in Montana to have more/cheaper food in general at least in the short term.
Farmers might make less profits, but even if they are making a short term loss - you’d expect them switch to a lower cost crop rather than stop production entirely.
In this case it is the Canadians that suffer lower food supply.
In the long run Montana food supply might suffer if their farmers struggle to get say fertiliser, pesticides, seed crops, bull semen, tractors and so on - that depends on their supply chain for those things.
Lower income might also impact the state’s general ability to import other stuff, exotic foods and luxuries, but as far as domestic food is concerned I’d think they’d be ok.
Unfoortunately, it says prices (presumably domestic) dropped though - that should be good for US consumers, all else equal.
I’d expect the people in Montana to have more/cheaper food in general at least in the short term. Farmers might make less profits, but even if they are making a short term loss - you’d expect them switch to a lower cost crop rather than stop production entirely.
In this case it is the Canadians that suffer lower food supply.
In the long run Montana food supply might suffer if their farmers struggle to get say fertiliser, pesticides, seed crops, bull semen, tractors and so on - that depends on their supply chain for those things.
Lower income might also impact the state’s general ability to import other stuff, exotic foods and luxuries, but as far as domestic food is concerned I’d think they’d be ok.