"Farmageddon" - Farmers Across the U.S. Sound the Alarm on the Disaster Unfolding from Trump's Tariffs
As the U.S. now heads into the Fall harvest season, the impacts of Trump’s tariffs are being more clearly seen, where farmers all across the U.S. are sounding the alarm about the collapse of our agricultural system, with one out of every three farms going out of business in certain parts of the country.
What we are seeing this Fall in the U.S. are the effects of a mass loss of farm labor due to deportations, increased prices on farm equipment and other farm materials that are mostly imported (like parts for John Deere tractors), and of course the loss of the China market, the country where most U.S. farm products have been exported to in past years.
The biggest crop losses to China are American soybeans. Last year China bought $12.6 billion of soybeans, and this year they have bought ZERO, since Trump levied tariffs against them earlier in the year.
Instead, China has turned to Brazil to import soybeans, and after the Trump Administration just gave Argentina a new $20 billion bailout package to “help their economy,” they immediately removed their own tariff to China and sold them several shiploads of soybeans, betraying U.S. farmers.
In Arkansas, one out of every 3 farmers is going out of business. They call the current crisis a “tsunami”. Farmageddon is here, and it’s getting worse.
Most Americans are probably unaware that this is happening, as it does not make the headline news each day, yet.