Oct. 7 at 6:21 PM
$SLV $B $JNUG $GLD $GDX
Many U.S. farmers say they feel betrayed after the administration extended a
$20 billion loan lifeline to Argentina — which then immediately slashed its soy tariffs to China, undercutting American growers.
Facing mounting pressure, U.S. farmers are doing everything they can to stay afloat — even selling off equipment. In Iowa alone, farm machinery auctions are up 30% this year.
Meanwhile, the cost of new equipment has surged by 60%.
John Deere, a symbol of U.S. manufacturing, says tariffs on steel and aluminum will cost the company
$600 million this year. Over the past two years, it has laid off 2,500 workers.
Soybean farmers are among the hardest hit. One grower put it bluntly: "I'm in the worst shape right now."
The aid package(s) might keep them afloat but what they need are the BUYERS. With inflation accelerating it's becoming likely most will not make. There will be 3 aid/bailout packages for farmers (same during 2017-2021)
https://www.youtube.com/watch?v=KnMJWl7oruQ
