Trying to Decipher Propaganda about Farming (Posted: 08-12-2019, 03:07 PM)
(This post was last modified: 08-12-2019, 03:09 PM by St. Blue Dude.)
Curious if anyone here with knowledge of farming knows about this topic?
CNBC threw out a nice anti-trump article today.
‘Trump is ruining our markets’: Struggling farmers are losing a huge customer to the trade war — China
https://www.cnbc.com/2019/08/10/trump-is...china.html
Kind of a long article filled with cherry picking stats and anti-Trump quotes from specific farmers.
Here are what they say are Key Points:
Of course, you have to read all the way down to the final paragraphs to find out this info:
China reduced farm purchases from 19 to 9 billion last year. (Trump's Bailout program is 16 billion)
Here is my question:
Over the last 6 years, farm income has dropped 45% from $123.4 billion in 2013 to $63 billion last year, according to the USDA.
According to this article, Farm Income is only 63 Billion from the entire US economy of 16 Trillion? Can that be correct?
And obviously the 6 year decline in Farm income...what is the cause of it?
Did Obama fuck up the farming industry with so much regulation that it has declined this much?
Has the amount of farm output declined?
CNBC threw out a nice anti-trump article today.
‘Trump is ruining our markets’: Struggling farmers are losing a huge customer to the trade war — China
https://www.cnbc.com/2019/08/10/trump-is...china.html
Kind of a long article filled with cherry picking stats and anti-Trump quotes from specific farmers.
Here are what they say are Key Points:
- U.S. farmers lost their fourth largest export market this week after China officially cancelled all purchases of U.S. agricultural products, a retaliatory move following President Donald Trump’s pledge to slap 10% tariffs on $300 billion of Chinese imports.
- China’s exit piles on to a devastating year for farmers, who’ve struggled through record flooding and droughts that destroyed crop yields, and trade war escalations that have lowered prices and profits this year.
- “It’s really, really getting bad out here,” Bob Kuylen, a farmer of 35 years in North Dakota, told CNBC. “There’s no incentive to keep farming, except that I’ve invested everything I have in farming, and it’s hard to walk away.”
Of course, you have to read all the way down to the final paragraphs to find out this info:
- Trump’s approval rating among farmers is 79%
- A record-high number of farmers (78%) said the trade war will ultimately benefit U.S. agriculture
- More than 75% of rural farmers voted for Trump in the 2016 election.
China reduced farm purchases from 19 to 9 billion last year. (Trump's Bailout program is 16 billion)
Here is my question:
Over the last 6 years, farm income has dropped 45% from $123.4 billion in 2013 to $63 billion last year, according to the USDA.
According to this article, Farm Income is only 63 Billion from the entire US economy of 16 Trillion? Can that be correct?
And obviously the 6 year decline in Farm income...what is the cause of it?
Did Obama fuck up the farming industry with so much regulation that it has declined this much?
Has the amount of farm output declined?