Originally posted by: Brent Kline
So I have to ask, which farmers are going under ? Apple farmers, carrot farmers , dairy farmers or what ? We all know soybean farmers have other options such as wheat, corn, milo, alfafa, and so on and they are not going under. So who exactly is failing in a span of a few months ? Were they start up farms where grant money ran out ? That would make sense i, but until there is some breakdown of this general farms failing, I am calling BS
I'm kind of amazed that you would ask these kind of questions.
A soybean farmer may or may not have other options. In the short term, if he finds that he won't be able to sell his crop this year, he can't necessarily just pivot to another crop. His farm may not be equipped to grow whatever else it is. He may have already bought the appropriate seed, fertilizer, equipment, etc. etc. to grow soybeans. And the most impactful problem...there may not be a market for those other crops you mention. Maybe that's why he was growing soybeans in the first place? Anyway, transitioning to another crop right at the beginning of the growing season is expensive and difficult at best, and impossible at worst. So...lotsa bankruptcies.
You know about the overall failures. Why it it "BS" if you don't receive a "breakdown"?? Obviously, there were failures of many different kinds of farms. and I assume you can find out the precise details for yourself if you really want to. It looks like you're trying to dismiss and belittle the issue by saying, "Oh, well, yeah, they were all gummint grant farms anyway, hyuk hyuk."
Have you ever been in business for yourself? If you had, you would know that even a minor disruption in the market you serve (with whatever products or services you provide) can be the kiss of death. Cut off or weaken cash flow for even a couple of months, and you might be on life support. Can't sell your products? Game over. Most farms are small businesses and the fragility thereof is precisely why there are such things as farm subsidies. But as not many people know, the Big Pig Bill drastically cut those subsidies, so that's one more Trump effect that was already in force.
Do yourself a favor. Look up what farm products we export (or used to export) to Canada. Then check on bankruptcies in that particular part of the farm sector. I could guide you as to which crops we send (or sent) north, and how Turdiffs killed those markets, but you should do your own research. If a farmer grows a crop/product that he sells to Canada, chances are, he can't find a market here for it. So slap a 20% surcharge on his products and he may not be able to sell them anywhere. And yes, Brent, that can be business-fatal in a matter of a few months,