Biden
“The prices of corn and soybeans have increased and demand is up for American exports.”
Trump
Socialism is when it helps you or me – when it helps Farmers or Big Oil it is a bailout or subsidy. The current Trade War is a great example of what used to be my GOP forgetting Adam Smith and the invisible hand because since Citizens United v FEC there is a visible hand – donors
“Farmers are accustomed to the ebb and flow in dairy prices, and while those years of low prices marked a particularly tough cycle, relief started to come in 2018, noted Alan Bjerga, senior vice president of communications at the National Milk Producers Federation, a lobbying group.
Then retaliatory tariffs from Mexico and China kicked in, delivering another blow to the industry.
In a June statement about trade relations with China, the NMPF said that “tariffs erected in 2018 have proven to be a catastrophic blow for the US dairy industry.””
https://www.cnn.com/2019/11/21/business/milk-industry-dean-foods/index.html?utm_medium=social&utm_source=twmoney&utm_content=2019-11-21T19:39:46
If only Trump and GOP had READ the TPP and realized it was what was needed to punish China?
It addresses Intellectual Property Theft (Tariffs are just a tax on US!)
“If realized, inflation-adjusted net farm income in 2019 would be 49.0 percent below its highest level of $136.1 billion in 2013 and below its historical average across 2000-17 ($90.0 billion).” “Inflation-adjusted net cash farm income is forecast to increase $2.7 billion (2.9 percent) from 2018, which nonetheless would be the second lowest real-dollar level since 2009.”
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