Newsnews

Fri Sep 6, 2019, 10:42 AM

Farmers prosper in spite of Trump's trade battle with China

https://thehill.com/opinion/finance/460208-farmers-prosper-in-spite-of-trumps-trade-battle-with-china
-------------------------------------------------------------------------------------------------------------------------
Anti-Trumpers agree: The president’s trade battle with China is hurting our economy and, in particular, America’s farmers. We are told that the tariff tiffs have caused a collapse in U.S. agricultural exports to China, and consequent heartbreak in our heartland.

It isn’t true.

As with most criticisms lodged against the Trump White House, this oft-repeated narrative is way overblown. Turns out, far from suffering what CNBC recently described as “a devastating year for farmers” the farmers of America overall are doing quite well.

The Department of Agriculture recently forecast that net farm income will rise nearly 5 percent this year, to $88 billion. That growth comes on top of increases in both 2017 and 2018 and is, just for the record, faster than the overall growth of the economy.

For sure, times could be better. The forecast for this year means that real net farm income would come in 36 percent below its peak of $136.5 billion in 2013 and slightly below its 2000-18 average ($90.1 billion). Farmers suffered a severe drop in total revenues during the Obama years, collapsing from $484 billion in 2013 to $412 billion in 2016. Weirdly, I don’t remember the -Lefty- media paying much attention.
-------------------------------------------------------------------------------------------------------------------------------
RC will be devastated. a Lefty source contradicts all his posts of doom.

3 replies, 90 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply Farmers prosper in spite of Trump's trade battle with China (Original post)
Da Mannn Sep 6 OP
Gunslinger201 Sep 6 #1
rampartb Sep 6 #2
Dumper Sep 6 #3

Response to Da Mannn (Original post)

Fri Sep 6, 2019, 10:53 AM

1. No Mantra the Left Chants is True

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Da Mannn (Original post)

Fri Sep 6, 2019, 04:31 PM

2. are you a little troubled by the yuuuuge welfare checks to farmers

with most going to the agribusiness incs and commodity tradesters?

as the amazon rainforest burns the trump cronies at blackstone inc are planting sot beans and corn for export to china so our trade war enemies are not inconvenienced.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to rampartb (Reply #2)

Fri Sep 6, 2019, 04:42 PM

3. I consider it recompense for China's targeted war on our farmers, worse than RUSSIA's

attack on our democracy!

Reply to this post

Back to top Alert abuse Link here Permalink

Newsnews