"This is a band-aid on an open wound. And, again, we're thankful that there's something that will help keep some farms in business, but what we truly need are market-based solutions. Those are sustainable long-term, he said. According to Ragland who supported Trump the president's tariffs and other economic policies have caused costs to continually rise for farmers. The Trump administration announced this week there would be a one-time $12 billion payment to American farmers, primarily growing soybeans and corn, amid new tariff hikes setting in."
"That's what American soybean farmers want is opportunities to make a living, to make a profit from the market, not being dependent on the next program to keep us from bleeding to death. But the situation's serious. I've been farming 21 years now full-time, and this is by far the most serious economic situation that I've experienced and my family's experienced, and I think that's the same for many farmers across this country, he said."
A one-time $12 billion payment targets American soybean and corn growers amid escalating tariffs. The bailout will help keep some farms operating but functions as a temporary band-aid on deeper trade and economic problems. Tariffs and other administration policies have raised production costs and reduced export demand, causing financial strain. China has resumed some soybean purchases but not at targeted levels. Farmers report the current economic situation is the worst in decades and worry about dependence on recurring programs. Farmers call for market-based, sustainable solutions and a level playing field to restore profitability and remove export obstacles.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]