06 Aug 20
This is really sad. I suspect that the famers of America are simply
too successful and find that markets can't give the prices that
they need to survive.
I can't cut&paste from the article. Highlights:
- 580 farmers declared bankruptcy in 2020 so far despite getting aid, up 8%
- The feds will give $33 Billion in aid this year.
https://www.wsj.com/articles/more-farmers-declare-bankruptcy-despite-record-levels-of-federal-aid-11596706201
06 Aug 20
@earl-of-trumps saidTalk to the soybean farmers and ask them what their trouble is.
This is really sad. I suspect that the famers of America are simply
too successful and find that markets can't give the prices that
they need to survive.
I can't cut&paste from the article. Highlights:
- 580 farmers declared bankruptcy in 2020 so far despite getting aid, up 8%
- The feds will give $33 Billion in aid this year.
https://www.wsj.com/articles/more-farmers-declare-bankruptcy-despite-record-levels-of-federal-aid-11596706201
They'll all tell you: Trump and his tariffs.
06 Aug 20
@wolfgang59 saidMust be that superheated economy! Apparently foreclosures are going up for property owners too.
Read that back to yourself Earl!
Too successful to survive!
Trump double-speak?
@wolfgang59
How's this. Too bountiful. They grow too much food.
But something tells me you knew what I was saying
06 Aug 20
@earl-of-trumps saidAnd when they can't dump the surplus on their neighbors, Trump cries foul.
@wolfgang59
How's this. Too bountiful. They grow too much food.
But something tells me you knew what I was saying
America is being treated very unfairly !!
The recent NAFTA deal (not USMCA, NAFTA !!) negotiated had a sore spot.
Canada's Supply Management System for dairy.
While faulty, it was designed to protect Canada's dairy industry from US dumping their dairy products into Canada.
It seems that America's dairy market (330m people) isn't enough to handle the American surplus.
And Trump cries unfair.
And today, he imposed a 10% tariff on Canadian aluminum while America had another day with 1000+ COVID 19 deaths.
Distraction, anyone ?
06 Aug 20
@earl-of-trumps saidThat's what happens when you cut off food exports to the largest population on Earth.
@wolfgang59
How's this. Too bountiful. They grow too much food.
But something tells me you knew what I was saying
07 Aug 20
@earl-of-trumps saidTired of winning, yet?
@wolfgang59
How's this. Too bountiful. They grow too much food.
But something tells me you knew what I was saying
07 Aug 20
@earl-of-trumps saidNo I don't ... do you?
@wolfgang59
How's this. Too bountiful. They grow too much food.
But something tells me you knew what I was saying
How can a business be too successful to survive?
Explain it to me Earl, I'm obviously not as smart as you.
And too bountiful?
You mean if they grew less food they would be more successful?
07 Aug 20
@earl-of-trumps saidTheir not too successful theirs just too many of them for the market.
This is really sad. I suspect that the famers of America are simply
too successful and find that markets can't give the prices that
they need to survive.
I can't cut&paste from the article. Highlights:
- 580 farmers declared bankruptcy in 2020 so far despite getting aid, up 8%
- The feds will give $33 Billion in aid this year.
https://www.wsj.com/articles/more-farmers-declare-bankruptcy-despite-record-levels-of-federal-aid-11596706201
Supply and Demand are the forefinger and index finger of the invisible hand. When you have huge intensely farmed dairy mega herds the smaller supplier will get squeezed out of the market.
But yes obviously it’s sad.
07 Aug 20
@earl-of-trumps saidYet another failure of Supply Side Economics.
This is really sad. I suspect that the famers of America are simply
too successful and find that markets can't give the prices that
they need to survive.
I can't cut&paste from the article. Highlights:
- 580 farmers declared bankruptcy in 2020 so far despite getting aid, up 8%
- The feds will give $33 Billion in aid this year.
https://www.wsj.com/articles/more-farmers-declare-bankruptcy-despite-record-levels-of-federal-aid-11596706201
07 Aug 20
@wolfgang59 You mean if they grew less food they would be more successful?
Yes. We live in a supply v demand world, in case you haven't noticed.
With less produce, the cost goes UP ==> successful, in the $$$ sense.
07 Aug 20
@athousandyoung saidIt is far better to fail with "too much" than to live the communist economic
Yet another failure of Supply Side Economics.
model where you never have enough.
Exhibit A and B, Cuba, North Korea. Game, set, match.
07 Aug 20
@earl-of-trumps said
It is far better to fail with "too much" than to live the communist economic
model where you never have enough.
Exhibit A and B, Cuba, North Korea. Game, set, match.
http://bookbuilder.cast.org/view_print.php?book=17395
A main cause of the Great Depression was overproduction. Factories and farms were producing more goods than the people could afford to buy. ... Prices for farm products also fell, as a result, farmers could not pay off bank loans and many lost their farms due to foreclosure.