Trump’s trade war has farmers declaring bankruptcy at the highest rate in ten years.

By |2019-02-11T07:25:28+00:00February 12th, 2019|Categories: News|Tags: , , , , |15 Comments

And another group of Trump supporters learns a valuable lesson. 

Courtesy of HuffPo:

Hard times for farmers got tougher with President Donald Trump’s trade war. Now Midwestern farmers are filing the highest number of bankruptcies in a decade, according to a Wall Street Journal analysis of federal data.

And farmers aren’t hopeful about this year.

Twice as many farmers in Illinois, Indiana and Wisconsin declared bankruptcy last year compared to 2008, according to statistics from the 7th Circuit Court of Appeals, the Journal reported. Bankruptcies in states from North Dakota to Arkansas leaped 96 percent, according to figures from the 8th Circuit Court of Appeals.

Farmers are being battered by sinking commodity prices — and stiff tariffs from China and Mexico in retaliation for Trump’s tariffs on imports.

The new 11-nation Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) treaty last year slashed tariffs — but not for U.S. farmers since the Trump administration pulled out of negotiations. That drove customers to farmers and ranchers in competitive countries, like Australia, serving another dunning blow to American operations.

Farmers fear it will take years to rebuild those trading relationships.

I want to sympathize,  I really do. 

But there was ample evidence as to who Donald Trump really was before the 2016 election.

The only way that a voter could believe that a self-promoting egotist with multiple failed businesses, and suspicious ties to Russia, was going to be good for the country was to ignore literally every news story that ever came out about Donald Trump. 

I don’t think that it is stretch to say that the people who did not vote for Trump are rarely ever surprised by the terrible things that he does, we, after all, based our decision on facts and not faith. 

About the Author:

This blog is dedicated to finding the truth, exposing the lies, and holding our politicians and leaders accountable when they fall far short of the promises that they have made to both my fellow Alaskans and the American people.

15 Comments

  1. Anonymous February 12, 2019 at 4:42 am - Reply

    What happened to all our tax dollars that was going to subsidize them?

    What gets me, is some of the ones that are losing the farm,claim they would still vote for trump..so I guess they deserve what they are getting.

    In the meantime big corporations buy up the land and our food supply can be held hostage to their whims.

    • Anonymous February 14, 2019 at 9:20 pm - Reply

      I’m sure it was sucked up the nig corporate Agra and when it got down to the little guys the funding was all gone.

  2. Anonymous February 12, 2019 at 5:51 am - Reply

    I guess that’s what you should expect if you think a manure spreader is somehow qualified to be president.

  3. GetReaL February 12, 2019 at 8:37 am - Reply

    https://www.amazon.com/Future-Asian-Parag-Khanna/dp/150119626X

    February 5, 2019

    “The “Asian Century” is even bigger than you think. Far greater than just China, the new Asian system taking shape is a multi-civilizational order spanning Saudi Arabia to Japan, Russia to Australia, Turkey to Indonesia—linking five billion people through trade, finance, infrastructure, and diplomatic networks that together represent 40 percent of global GDP.”

    “If the nineteenth century featured the Europeanization of the world, and the twentieth century its Americanization, then the twenty-first century is the time of Asianization. From investment portfolios and trade wars to Hollywood movies and university admissions, no aspect of life is immune from Asianization.”

  4. CFR February 12, 2019 at 8:53 am - Reply

    Elections have consequences. But no worries, Cargill will buy those farms up for pennies on the dollar equipment and all. These farmers are now free to go get those “field picking jobs that have been stolen by illegal immigrants” instead. Have fun in the fields!!

  5. Anonymous February 12, 2019 at 8:57 am - Reply

    They still stand behind the fuhrer.

  6. abbafan February 12, 2019 at 9:08 am - Reply

    Are “MAGAts” (aka MAGGOTS) tired of “winning” ???

    “…Behold my field of fucks…
    Lay thine eyes upon it; thou shalt see it is barren…
    Therefore, I have none to give”…

    They were warned about this con-man; you reap what you sow…
    …Suck it up trumpkins…

  7. Anonymous February 12, 2019 at 9:11 am - Reply

    To the farmers that voted for Trump, elections have consequences . Furthered along by your ignorant understanding of the world as a whole.
    So, with that said, tough shit. Maybe next time you will clean the shit out of your ears before election day and become more informed about the choices you make.

  8. Mia February 12, 2019 at 10:20 am - Reply

    My husband and I farm in IL. We do not support Trump! My husband has been farming with his father for over 40 years. The family owns a little over 1000 acres. When we were first married, my husband farmed a small family farm. That was our only income. It wasn’t unusual back then for us to just break even or operate at a small loss. Fast forward 36 years (I farm with him now per necessity) and we have done very well in farming. We bought a house and completely renovated, all paid in cash. We put our two children through college and pay cash for new vehicles. All this while living below our means. THIS tax year (2018), due to this man in the White House and his ilk, we will be operating for the first time in over 30 years, at a loss. My husband is crushed. He is such a good business man but unless you know what it takes to put a crop in the ground vs what we are able to get in this tanking grain market, one would not understand the devastation. I am not surprised so many farmers are going bankrupt. I’m glad we won’t have to do that. We need a leader that knows what they are talking about!

  9. Anonymous February 12, 2019 at 1:01 pm - Reply

    Thank you, Mia for your input. Those who think that the farmers that supported Trump deserved what they got, including bankruptcy, sounds as empathetic as any fatheaded Republican.

  10. Anonymous February 12, 2019 at 5:30 pm - Reply

    Farmers buy into the ideology that works best with their interests. I laugh. Family in Nebraska and Central California vote as the farm bureau tells them. Every family reunion from the 1970s on in these families show a vested interest in anything that could maximize yield; ie, pesticides, Monsanto seed, what have you. The last reunion was awful as the spin became more intolerable for these farmers when they realized each Monsanto seed cost $3 and because their neighbor had bought in they too had to buy in too. No more crap about being their “own libertarian self”. Just a cave to the powers that be. Sad for us, the worst libertarian nightmare for them.

  11. lucy February 12, 2019 at 5:35 pm - Reply

    Farmers buy into ideology that works best with their interests. I laugh. Family in Nebraska and Central California vote as the local farm bureau tells them. Every family reunion from the 1970s on in these families show a vested interest in anything that could maximize yield; ie, pesticides, Monsanto seed, what have you. Many in the family protested the use of recommended chemicals. Much of the last reunion was awful as the spin became more intolerable for our farmer families when they realized each Monsanto seed cost $3 and because their neighbor had bought in, they too had to buy in. No more crap about being their “own libertarian selves”, just a cave to the powers that be. Sad for us, and the worst libertarian nightmare for them.

  12. Anonymous February 14, 2019 at 9:21 pm - Reply

    And the dumb schmucks will still vote for the orange asshole.

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