Omaha, Neb.-In this year, most American farmers were also expecting to break up or perhaps recorded a small profit if they could find a way to limit their sky-high costs. But now he is facing the losing the biggest export market for many of his crops after retaliation against President Donald Trump’s tariff.
“There is no margin for error in the current agricultural economy,” Kentki farmer Kaleb Ragland said, who serve as the chairman of the American Soybean Association.
Soybean farmers have a special reason for worrying because half of their crops are exported and China has been the largest buyer for a long time. China has also bought a lot of American corn, beef, chicken, sorbet and other crops as part of spending $ 24.65 billion on US agricultural products last year. Now with China slapping 34% tariffs on all American products on Friday – on top of other tariffs earlier this year – all those products will be much more expensive in China.
After Trump announced Trump’s tariff earlier this week, crop prices fell like the stock market.
Tim Dafault, whose farm is in North -West Minnesota, is only about 80 miles south of Canada, making soybean farmers in a good year to make $ 50 to $ 75 acres. He said this is not a good year because crop prices are not enough to cover the rising cost, and the price fall in the last two days is about $ 25 acres.
Dufault said that he is worried that these new tariffs can exclude many farmers from business, in which young farmers were also rented their land in this year because they retired because they would probably do nothing in 2025.
“I just hope that they can live in business with God,” Dafault said, who is active with farmers for the free trade group that pushes to open markets.
One of the biggest long -term concerns is that American farmers and Ranchers will lose stake in the market as China turns into Brazil and other countries to buy soybeans, beef, chicken and other crops. China will buy a lot of sorbet as this drink is distilled in Baiju which is in the United States, but they will receive it from other countries.
The farmers tolerated Trump’s previous trade war with China during their first term. But this time, Trump’s tariffs expand worldwide, so China’s possibility will not be the last country to retaliate with its own tariffs.
Can farmers get government assistance?
Trump’s only way to avoid Tram’s final trade war was with tens of billions of government assistance payments, but it is not clear that he will do so this time. He gave him more than $ 22 billion in assistance in 2019 and about $ 46 billion in 2020, although that year included assistance related to Kovid epidemic.
Agriculture Secretary Brooke Rolins told Fox News this week that he is not confident yet that massive assistance payment would be necessary, although he would not know that for several months. “But if this is, this President has always said and he is firm in their commitment to our farmers and our Rankers and our great rural communities, so we will ensure that we are ready if it is really necessary,” he said.
“But none of us is so,” farmer Andy Henman said, who is the vice -president of the Canasus Grain Sorgham Productions Association. “We do not want to live on government handouts. We will sell crops that we develop.”
But the owner of Kagay Farms in Missouri’s Amity, Kisan Bryant Kagi said that he “does not believe that these tariffs – the way they are still kept today – will roam for a long time.”
They also do not like the idea of getting help from the government.
“I really hate that this solution seems, well, we will just pay some off-the-cuff payments to help farmers pay payments,” Kag said. “I think a federal government which is very high today, such as it is not a way to solve that problem.”
The hope for farmers is that Trump’s tariff will negotiate with other countries that will reduce tariffs and other trade obstacles.
“This is the type of positive development we can do that it is good for everyone involved, and that is what we need to see,” Ragland said. “Instead of beating each other with high and high tariffs -it is just like a punch on each other.
Associated press writer Nick Ingram contributed to this report by Missouri.
This article was generated from an automated news agency feed without amending the text.