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cm0002@lemmy.world to United States | News & Politics@midwest.social · 5 days ago

Rural America is suffering an economic crisis as crop prices plunge — 'U.S. soybean farmers cannot survive a prolonged trade dispute'

fortune.com

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  • usa@lemmy.ml
  • leopardsatemyface@lemmit.online
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Rural America is suffering an economic crisis as crop prices plunge — 'U.S. soybean farmers cannot survive a prolonged trade dispute'

fortune.com

cm0002@lemmy.world to United States | News & Politics@midwest.social · 5 days ago
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  • cross-posted to:
  • news@hexbear.net
  • usa@lemmy.ml
  • leopardsatemyface@lemmit.online
"Prices continue to drop and at the same time our farmers are paying significantly more for inputs and equipment."
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  • gravitas_deficiency@sh.itjust.works
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    5 days ago

  • Kyrgizion@lemmy.world
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    5 days ago

    They voted for this. Time to harvest.

    • mushroommunk@lemmy.today
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      5 days ago

      “You reap what you sow” was legit preached in my church growing up.

    • The Real King Gordon@lemmy.world
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      4 days ago

      Yep. Fuckem.

  • BigMacHole@sopuli.xyz
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    4 days ago

    This is TERRIBLE! BUT I know a FOOLPROOF Solution to this! PLEASE everyone send your Best Thoughts and Prayers to these Farmers JUST LIKE they were Murdered Schoolchildren! THAT should Fix it!

    • Optional@lemmy.world
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      4 days ago

      THANK YOU FOR YOUR ATTENTION TO THIS MATTER

  • selkiesidhe@sh.itjust.works
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    4 days ago

    You get what you voted for, ass clowns.

    But don’t worry, looks like SOCIALISM is going to bail you out soon anyways…

  • thegr8goldfish@startrek.website
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    4 days ago

    They’ll be fine. There’s plenty of safety nets for farmers. Billions and billions in handouts for the bootstraps crowd.

  • Gates9@sh.itjust.works
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    4 days ago

    How hilarious would it be if they invent soy syrup to subsidize farmers and they start putting it in everything

  • DirkMcCallahan@lemmy.world
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    5 days ago

    Thoughts and prayers.

  • Diplomjodler@lemmy.world
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    5 days ago

    Ah, the find out phase.

  • bluGill@fedia.io
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    4 days ago

    supply and demand is enough to explain low prices. Last year there was a bumper crop and this year all signs point to record harvests (which are starting and so change is almost imposible).

    tarrifs are not helping, but they have at most a tiny effect, the harvest is the big factor here.

    • socsa@piefed.social
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      4 days ago

      The US government used to buy something like 10% of the entire US wheat harvest for international aid programs. Losing this, combined with a collapse in soy bean exports, are causing prices to fall.

      • bluGill@fedia.io
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        4 days ago

        The article is about corn and soybeans. there is very little overlap with wheat farmers since there is typically a lot more money in corn+soybeans. You grow wheat because your climate cannot grow corn.

    • SwingingTheLamp@midwest.social
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      4 days ago

      This article, however, is not about tariffs.

      • bluGill@fedia.io
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        4 days ago

        Trade dispute of any form - it isn’t a significant factor.

        • SwingingTheLamp@midwest.social
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          4 days ago

          The article doesn’t say that trade disputes drove the low prices, but that the trade disputes on top of the low prices is harming farmers. They seem to think it’s a significant factor.

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