- cross-posted to:
- conservative@lemm.ee
- cross-posted to:
- conservative@lemm.ee
Trump’s tariffs are upending crop trading, delaying tractor purchases and constraining imports of chemical supplies into the United States.
That’s the main message from big agricultural businesses as they report their quarterly earnings, giving an early glimpse into the far-reaching impacts of the U.S. president’s trade war.
The disruptions in global trade threaten to extend a years-long slump in the U.S. farm industry, which had already been struggling with ample supplies, depressed crop prices and rising competition from Brazil. Lack of clarity on how the Trump administration will address much-needed incentives for crop-based fuels in the next few years has added to concerns.
This whole thing feels like déjà vu. We went through this exact same crap in the 80s farm crisis: overproduction, farmers drowning in debt, government policies that completely missed the mark. Watching it play out again is honestly pretty depressing. Like, we literally watched this movie before and still decided to hit rewind? Really hoping this doesn’t end the same way, but the similarities are there.
How did it end last time?
Badly.
https://en.m.wikipedia.org/wiki/1980s_farm_crisis
well that depends on who you’re rooting for in the class war. badly is if you’re one of us. but 47’s just finishing what 40 started
I am proletariat for sure.
Not bitter and unhappy enough to be part of the 1%.
See also https://en.m.wikipedia.org/wiki/Farm_Aid