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Tue Apr 30, 2019, 01:16 PM

Family farmers flee the field amid trade war, sagging prices

BEATTIE, KANSAS -- Shuffling across his frozen fields, farmer Jim Taphorn hunched his shoulders against the wind and squinted at the auctioneer standing next to his tractors.After a fifth harvest with low grain prices, made worse last fall by the U.S.-China trade war, the 68-year-old and his family were calling it quits. Farming also was taking a physical toll on him, he said; he'd suffered a heart attack 15 months before.

It took less than four hours to sell off all the tractors, combines and other farm equipment at the Taphorn retirement sale, ending a family tradition that had survived nearly a century.

"We went through the bad times in the '70s and '80s," said Jim, 68, broad-shouldered and stocky. "In some ways, this is worse."
Across the Midwest, growing numbers of grain farmers are choosing to shed their machinery and find renters for their land, all to stem the financial strain on their families, a dozen leading farm-equipment auction houses told Reuters. As these older grain farmers are retiring, fewer younger people are lining up to replace them.

https://www.msn.com/en-us/money/markets/family-farmers-flee-the-field-amid-trade-war-sagging-prices/ar-AAAJAsR?ocid=spartanntp

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Reply Family farmers flee the field amid trade war, sagging prices (Original post)
yortsed snacilbuper Apr 30 OP
The Blue Flower Apr 30 #1
trev Apr 30 #2
Wounded Bear Apr 30 #3
11 Bravo Apr 30 #4
durablend Apr 30 #5
Yo_Mama_Been_Loggin Apr 30 #6

Response to yortsed snacilbuper (Original post)

Tue Apr 30, 2019, 01:21 PM

1. MAGA

nt

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Response to yortsed snacilbuper (Original post)

Tue Apr 30, 2019, 01:30 PM

2. The loss of family farms has been going on for a very long time.

Part of the reason for this is the nearly complete takeover of agriculture by mega-corporations like Agri-Corp and Monsanto. But another part is that it is simply too expensive to run a small farm anymore. Local farmers can't compete with corporate food pricing, which is one reason they have depended on government subsidies for so long.

But Trump's tariffs aren't helping anything.

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Response to trev (Reply #2)

Tue Apr 30, 2019, 03:19 PM

3. It goes in stages and in surges...

Big Ag is always looking for times like these to snap up family farms at discount rates.

Trump's tariffs just provided another big buying opportunity for Big AG.

More corporatism, just what we need.

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Response to yortsed snacilbuper (Original post)

Tue Apr 30, 2019, 03:30 PM

4. Can they burn their MAGA hats when the Power Company shuts off the heat?

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Response to yortsed snacilbuper (Original post)

Tue Apr 30, 2019, 03:37 PM

5. Vote Trump again, farmer folks

He'll be sure to fix things *next time!*

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Response to yortsed snacilbuper (Original post)

Tue Apr 30, 2019, 03:55 PM

6. Trumponomics

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