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U.S. soybean farmers have yet to regain market share with China after Trump's first-term tariffs. (A.S. photo) |
Before the new administration began making dramatic policy changes and cuts, farmers were "already struggling with low prices, high expenses and unpredictable — and at times, destructive— weather," reports Kristina Peterson of The Wall Street Journal. "But now, farmers — traditionally a key block of support for Trump — are also contending with USDA and foreign-aid funding that is frozen or in limbo," plus deportations "in an already tight agricultural-labor market" and the possibility of "another crippling trade war."
Jim Hartman is a military veteran turned North Carolina honey bee farmer who has already lost roughly $100,000 in expected farm revenue from USDA program cuts. The lifelong Republican voter told Peterson, “Stuff like this is pushing me left."
Caleb Ragland, president of the American Soybean Association and a soy farmer in Magnolia, Ky., told Peterson, "“It’s hitting us on all fronts. You’re talking about the potential of a flat-out crisis in rural America and the farm economy.”
A recent AgWeb poll shows that a majority of farmers do not approve of Trump's current use of tariffs. "Just over half of farmers, 54%, said they didn’t support Trump’s use of tariffs as a negotiating tool, according to a poll of nearly 3,000 farmers," Peterson reports. "Farmers accustomed to dealing with uncertainty from the weather and the markets said the federal government, which spends tens of billions of dollars to support them each year, is usually a force helping them offset that instability."
Trump's enthusiasm for using and increasing tariffs "has many in rural America nervous," Peterson writes. "Trump’s first trade war led to more than $27 billion in losses of agricultural export. In response, China started importing more soybeans from Brazil, and U.S. soybean farmers have yet to regain their market share."
Hartman believes USDA changes will cut his yearly predicted revenue in half. He told Peterson, "This has fallen on the backs of small farmers. . . . The people Trump's appointed and the way they’re going about things, it’s not OK."
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