US farmers stressed, angry at trade wars

moonshine · 2018-06-19T14:49:17.466Z

soybean prices just dropped to the lowest in 2 years and are down 15% this quarter

farmers can blame trump for that

Jezcoe · 2018-06-19T14:51:07.890Z

moonshine:

soybean prices just dropped to the lowest in 2 years and are down 15% this quarter

farmers can blame trump for that

Add to that a tight farm labor market.

They are going to feel some hurt.

NebraskaFootball · 2018-06-19T14:51:13.045Z

moonshine:

soybean prices just dropped to the lowest in 2 years and are down 15% this quarter

farmers can blame trump for that

Ooph…and the Dow is down 328pts as of right now. Trade wars are anything but easy, and everyone ends up being a loser in the end.

moonshine · 2018-06-19T14:51:39.119Z

if china imposes a 10% tariff its estimated us bean exports would drop 18%
a 30% tariff would cause a 40% drop

this is according to a purdue university study

CNBC – 19 Jun 18

Soybean prices plunge to nine-year low on US-China trade war fears

Soybean futures plunge to their lowest in more than nine years following renewed concerns about a U.S.-China trade war.

Jezcoe · 2018-06-19T14:51:47.534Z

NebraskaFootball:

moonshine:

soybean prices just dropped to the lowest in 2 years and are down 15% this quarter

farmers can blame trump for that

Ooph…and the Dow is down 328pts as of right now. Trade wars are anything but easy, and everyone ends up being a loser in the end.

The gains of 2018 have been erased.

NebraskaFootball · 2018-06-19T14:55:37.350Z

Jezcoe:

NebraskaFootball:

moonshine:

soybean prices just dropped to the lowest in 2 years and are down 15% this quarter

farmers can blame trump for that

Ooph…and the Dow is down 328pts as of right now. Trade wars are anything but easy, and everyone ends up being a loser in the end.

The gains of 2018 have been erased.

Yes they have. Although, I personally believe the market is over-inflated as is. A correction is coming, likely regardless of what transpires. But these trade wars will only hasten this reality, and could have significant political repercussions. I believe one of the only reasons Trump is maintaining the modicum of popularity that he has, is because he inherited an economy that was chugging along pretty well. When that turns, I suspect many of the luke-warm approval will turn as well. The cult will still be there, but they represent only ~30% or so of his approval, in my estimation.

Jezcoe · 2018-06-19T14:59:10.196Z

NebraskaFootball:

Jezcoe:

NebraskaFootball:

moonshine:

soybean prices just dropped to the lowest in 2 years and are down 15% this quarter

farmers can blame trump for that

Ooph…and the Dow is down 328pts as of right now. Trade wars are anything but easy, and everyone ends up being a loser in the end.

The gains of 2018 have been erased.

Yes they have. Although, I personally believe the market is over-inflated as is. A correction is coming, likely regardless of what transpires. But these trade wars will only hasten this reality, and could have significant political repercussions. I believe one of the only reasons Trump is maintaining the modicum of popularity that he has, is because he inherited an economy that was chugging along pretty well. When that turns, I suspect many of the luke-warm approval will turn as well. The cult will still be there, but they represent only ~30% or so of his approval, in my estimation.

Yep I agree that the market is over valued. Has been for a while.

With the enormous tax cut and deficits on the rise again, when it does come the US is going to be in a very poor position to handle it. We would have the choice of borrowing even more from the future… something I am sure the GOP will suddenly care about or austerity.

Both are bad.

This is what I predict. The Dems will take the House in the midterm and the CEC will blame Nancy Pelosi for tanking the market.

NebraskaFootball · 2018-06-19T15:09:10.472Z

Jezcoe:

Yep I agree that the market is over valued. Has been for a while.

With the enormous tax cut and deficits on the rise again, when it does come the US is going to be in a very poor position to handle it. We would have the choice of borrowing even more from the future… something I am sure the GOP will suddenly care about or austerity.

Both are bad.

This is what I predict. The Dems will take the House in the midterm and the CEC will blame Nancy Pelosi for tanking the market.

Heh…I bet you are spot-on here. What a sad, sad commentary on the reality of this nation of ours.

Call_me_Ishmael · 2018-06-19T15:15:17.682Z

You both gotta know that I don’t care if you respond or not. I quote your posts to give all other readers here my assessment of your posts. So don’t flatter yourselves as though I wait with bated breath for your response.

gooddad409 · 2018-06-19T15:43:30.090Z

Guilds:

gooddad409:

The foolishness of libs concerning farms is not surprising at all. Most farms raise a number of different things and most sales i dare say are domestic.

China tariffs might lower profits for some but certainly not the hoped for bankruptsies libs are apparently hoping for.

Plus the tariffs are probably short lived until they get China straightened out on their unfair tariffs they have put on us for eons it seems like.

You should really read a study, or a book or even use that thing at your fingertips to have some basic working knowledge, instead of just using the little personal experience you have acquired. Anecdotes are useless in a serious discussion.

IOW, you sound like an idiot.

How Christian of you. I bet most of you guys don’t even know a farmer much less anything about farming.

dantes · 2018-06-19T15:45:34.372Z

Your response was quite naive. Whether you know a farmer or grew up on one, you clearly have a deficit of knowledge in this area.

NebraskaFootball · 2018-06-19T15:47:35.723Z

dantes:

Your response was quite naive. Whether you know a farmer or grew up on one, you clearly have a deficit of knowledge in this area.

I’d say that may be the largest understatement of the new forum. I live in a farm community where this stuff is being discussed every day, at virtually every local diner and watering hole. By men and women that this is deeply affecting. That poster is clearly talking out of his ear.

gooddad409 · 2018-06-19T15:50:02.341Z

Did you grow up on a farm? I did.

dantes · 2018-06-19T15:53:17.323Z

Yes. I did. I also have a working knowledge of markets.

gooddad409 · 2018-06-19T15:55:41.771Z

uh huh.

Guilds · 2018-06-19T16:00:35.554Z

gooddad409:

How Christian of you. I bet most of you guys don’t even know a farmer much less anything about farming.

I am not a Christian, although I do have much respect for a lot Jesus’ teachings.

When I am not knowledgeable in a subject, I read articles/ studies by credible people in the field of the subject matter. Not pundits, and certainly not from random posts by anonymous people.

If you can back up your assertions with verifiable data, I will go through it, and form an opinion.

Were/are you a farmer? Do you have working knowledge of farming today, and how these tariffs will effect farms?

calirepub · 2018-06-19T18:48:00.881Z

So your plan involves splitting the US into separate nations? If so, how many nations do you foresee in the aftermath, and where do you see the breaks going?

I don’t see a situation where CA gets to leave the nation without some other states saying “me too.”

sikofit · 2018-06-19T18:55:38.440Z

CassandraJoe:

You might luck out, cali. 40 of the other 49 states might just decide to toss California out of the Union by the end of Trump’s second term.

You can only hope.

lulubee · 2018-06-19T21:19:14.947Z

MarketWatch

Hedge-fund boss who predicted ‘87 crash says next recession will be ‘really...

Paul Tudor Jones, a hedge-fund luminary, says the next economic downturn confronted by the U.S. could be an ugly one.

calirepub · 2018-06-20T22:21:08.972Z

Wait, Cali is the most reviled State in the Nation? Whatever for? Does the rest of the country have a grudge against fruits, vegetables, and nuts? Do you hate wines and cheeses? Beaches? Television?

Is it because of all the “nuts” who live in Cali? I can think of a few other “nutty” States (however, i guess, they aren’t particularly blue, and therefore less prone to scrutiny).