Guno צְבִי
We fight, We win, Am Yisrael Chai
The dumb rube farmers in places like flyover country Iowa will be grabbing their ankles and squealing like pigs as they go bankrupt
you rubes did it to yourselves
This year, for the first time in more than three decades, corn was not the most widely planted crop in the United States. But volatile trade policy emanating from the White House might cut short the reign of the new king crop, soybeans.
Farmers planted more than 89 million acres of soybeans across the United States in 2018, narrowly edging out the 88 million acres of corn that were planted, according to an annual survey by the Department of Agriculture. Soybeans cost less to plant, and their profitability has been on the rise in recent years, making them a more attractive option for farmers. A significant driver of soybeans' profitability has been increased demand in foreign markets, including China, which moved this week to slap a 25 percent tariff on American soybeans in response to the tariffs that President Donald Trump ordered on more than 1,300 Chinese-made goods.
Meanwhile, China is the world's largest importer of soybeans, buying more than $14 billion of American-grown soy last year. China purchases 61 percent of total U.S. soybean exports and more than 30 percent of overall U.S. soybean production, according to the American Soybean Association, a trade group.
Disruption of that trade will be "devastating" for farmers, says ASA President John Heisdorffer. "It should surprise no one that China immediately retaliated against our most important exports, including soybeans," Heisdorffer said in a statement. "This is no longer a hypothetical."
https://reason.com/blog/2018/04/05/soybeans-surpassed-corn-as-americas-top
you rubes did it to yourselves
This year, for the first time in more than three decades, corn was not the most widely planted crop in the United States. But volatile trade policy emanating from the White House might cut short the reign of the new king crop, soybeans.
Farmers planted more than 89 million acres of soybeans across the United States in 2018, narrowly edging out the 88 million acres of corn that were planted, according to an annual survey by the Department of Agriculture. Soybeans cost less to plant, and their profitability has been on the rise in recent years, making them a more attractive option for farmers. A significant driver of soybeans' profitability has been increased demand in foreign markets, including China, which moved this week to slap a 25 percent tariff on American soybeans in response to the tariffs that President Donald Trump ordered on more than 1,300 Chinese-made goods.
Meanwhile, China is the world's largest importer of soybeans, buying more than $14 billion of American-grown soy last year. China purchases 61 percent of total U.S. soybean exports and more than 30 percent of overall U.S. soybean production, according to the American Soybean Association, a trade group.
Disruption of that trade will be "devastating" for farmers, says ASA President John Heisdorffer. "It should surprise no one that China immediately retaliated against our most important exports, including soybeans," Heisdorffer said in a statement. "This is no longer a hypothetical."
https://reason.com/blog/2018/04/05/soybeans-surpassed-corn-as-americas-top
