Moneymoney

Fri Jan 4, 2019, 02:43 AM

As Loans and Aid Dry Up, U.S. Farmers Face Fresh Challenge from Shutdown

By P.J. Huffstutter 3 hrs ago

CHICAGO (Reuters) - U.S. farmers, already battered by the U.S.-China trade war, are facing increasing anxiety as the partial government shutdown nears the two-week mark, leaving crucial aid and loan payments in limbo.

The shutdown has blocked assistance for many farmers, who at this time of year apply for federal loans as they pay bills due from the previous year and begin budgeting for next season's planting. It is also affecting aid payments promised to allay the effects of the trade war.

The timing is particularly bad for U.S. farmers, who are already suffering the fallout from the trade war's raised tariffs and low prices for a top export crop, soybeans, with purchases by China lagging previous years.

"It's just bad news on top of everything right now," said Brian Duncan, whose family farms corn and soybeans and raises hogs in northwestern Illinois.

more...

https://www.msn.com/en-us/news/us/as-loans-and-aid-dry-up-us-farmers-face-fresh-challenge-from-shutdown/ar-BBRMf7O?li=BBnb7Kz

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Reply As Loans and Aid Dry Up, U.S. Farmers Face Fresh Challenge from Shutdown (Original post)
RCW2014 Jan 4 OP
Horsefeathers Jan 4 #1
freedumb2003 Jan 4 #2
Badsamm Jan 4 #3

Response to RCW2014 (Original post)

Fri Jan 4, 2019, 02:51 AM

1. Oh noes we will all starve!

Bad orange man Trump


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Response to RCW2014 (Original post)

Fri Jan 4, 2019, 08:14 AM

2. Farmers are businessmen - subsidies are stupid

 

It has to do with the emotional attachment to the US agrarian beginnings.

Bottom line, farmers should be able to compete on an open market. Free of government restrictions, such as soil banks, and free of government subsidies.

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Response to RCW2014 (Original post)

Fri Jan 4, 2019, 11:32 PM

3. Are people eating less food?

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