How stupid are the people of Iowa?

[Cuddles]

https://www.axios.com/farmer-bankru...est-f85721f6-4478-4e5b-b49d-7df88010d7cc.html

Farmer bankruptcies swell to decade high in Farm Belt
U.S. farmers in the Midwest are filing for bankruptcy at levels the U.S. hasn’t seen for approximately a decade, the Wall Street Journal reports.

What's happening: Low commodity prices have been gouging U.S. farmers’ bottom lines for years now, exacerbated by increasing agricultural competition from Russia and Brazil. President Trump’s trade disputes, meanwhile, are adding salt to the wounds, as tariffs drive down prices and decrease profit for farmers.


By the numbers:

• In the 7th Circuit Court of Appeals, which includes Illinois, Indiana and Wisconsin, twice as many farmers declared bankruptcy in 2018 as during the 2008 recession.
• In the 8th Circuit, which spans from North Dakota to Arkansas, bankruptcies shot up 96%.
• In the 10th Circuit, which includes Kansas, Colorado and parts of Oklahoma, bankruptcies were up 59%. Together, these three jurisdictions accounted for nearly 50% of all farm product sales in 2017, per the Journal.
• Last year, farm debt rose to over $409 billion, with the average size of loans in the 4th quarter reaching $74,190, the highest 4th quarter level in history.

Between the lines: Chapter 12 bankruptcy filings are still below the highs of 2010 when looking at nationwide numbers. But the Midwest is hurting, and even though the Trump administration has been rolling out federal government relief for farmers to make up for tariff damage, lawmakers from both sides of the aisle fear it is only a short-term, partial solution.

https://www.wsj.com/articles/this-o...arm-belt-bankruptcies-are-soaring-11549468759
‘This One Here Is Gonna Kick My Butt’—Farm Belt Bankruptcies Are Soaring
Trade disputes over agriculture add pain to low commodity prices that have been grinding down American farmers for years

A wave of bankruptcies is sweeping the U.S. Farm Belt as trade disputes add pain to the low commodity prices that have been grinding down American farmers for years.

Throughout much of the Midwest, U.S. farmers are filing for chapter 12 bankruptcy protection at levels not seen for at least a decade, a Wall Street Journal review of federal data shows.

 

[smallfil]

Glad to see the Administration is standing strong on IP theft.
Kudos to Trump. He took the tougher road. They had to know cancelling talks with China would create a sell-off.
Of course he can do nothing right....

----------------------------------------

US cancels trade planning meeting with China, source says

• The White House has rejected a trade planning meeting with China this week due to outstanding disagreements over intellectual property rules.
• Should Beijing and Washington fail to agree on a permanent solution by March 1, President Donald Trump has said he will reinforce punitive tariffs.
• The White House tells CNBC that "the teams remain in touch in preparation for high level talks with Vice Premier Liu He at the end of this month."

While, the Democrats are focused on their bogus Russia investigation, China is robbing the US blind! Stealing trade secrets and classified material too! How many Chinese spies has been caught on US soil? One thing to say about the Chinese, they love their country! That is a lot when you see the Democrat extreme liberals trying to turn the US into a third world shithole without batting an eye lash! As long as they get illegals in and have them vote for them!
They do not need to become US citizens now. All they need is to register and vote and corrupt Democrat election officials will facilitate that widespread election fraud!

 

[exGOPer]

 

[Cuddles]

https://www.businessinsider.com/tru...ion-tonnes-of-us-soybeans-to-go-unsold-2019-2
27.5 million tons of US soybeans expected to go unsold this year as a direct consequence of the trade war with China

• Chinese soybean demand is still low, causing a massive oversupply problem and a major headache for US soybean farmers.
• The US soybean supply has risen dramatically as the trade war takes its toll, with $7.9 billion lost by US farmers in the past year, according to US Department of Agriculture officials.
• Robert Johansson, the chief economist of the USDA, on Thursday forecast that roughly 27.5 million tons of US soybeans would go unsold in 2019 as a direct consequence of the trade war.
• The US agricultural trader Bunge reported a $125 million fourth-quarter loss in the soybean market, citing "factors related to China trade and demand."

 

[exGOPer]

https://www.businessinsider.com/tru...ion-tonnes-of-us-soybeans-to-go-unsold-2019-2
27.5 million tons of US soybeans expected to go unsold this year as a direct consequence of the trade war with China

• Chinese soybean demand is still low, causing a massive oversupply problem and a major headache for US soybean farmers.
• The US soybean supply has risen dramatically as the trade war takes its toll, with $7.9 billion lost by US farmers in the past year, according to US Department of Agriculture officials.
• Robert Johansson, the chief economist of the USDA, on Thursday forecast that roughly 27.5 million tons of US soybeans would go unsold in 2019 as a direct consequence of the trade war.
• The US agricultural trader Bunge reported a $125 million fourth-quarter loss in the soybean market, citing "factors related to China trade and demand."

Wait till the regular Trumptards arrive and tell you that all this liberal data and commie statistics is wrong and everything is fine because Trump has never failed in business.

MAGA!

 

[LacesOut]

Trumpy standing up for whining crybaby farmers by forcing the Chinese to change their ways.
About time someone did.
Short term pain for long term gain.
Meantime - beans are above $9.
LOL.

But OrangeManBad!!!

 

[exGOPer]

Trumpy standing up for whining crybaby farmers by forcing the Chinese to change their ways.
About time someone did.
Short term pain for long term gain.
Meantime - beans are above $9.
LOL.

But OrangeManBad!!!

What does it say about a person's intelligence when they worship a 72 year old demented fart with vocabulary of a chimp?

Orangeman Demented Pedo.

 

[LacesOut]

What does it say about a person's intelligence when they worship a 72 year old demented fart with vocabulary of a chimp?

Orangeman Demented Pedo.

Lol. How does it feel to have your life completely destroyed by TDS? Just wrecking what’s left of your brain. Eating away at it. Constantly. It’s so funny that it’s a tragic.
Take a MAGAPILL Bud. You will one day feel better though you may never recover.
http://www.magapill.com/

 

[maximumpossiblesuffering]

What does it say about a person's intelligence when they worship a 72 year old demented fart with vocabulary of a chimp?

Orangeman Demented Pedo.

What does it say about a person's intelligence when they worship a 72 year old demented fart with vocabulary of a chimp?

Orangeman Demented Pedo.

Attached below is a recent Trump press conference that lasts a little more than 19 minutes. Trump effectively covers many contemporary issues, shows his quick mind, and displays his leadership. Trump is probably in the top dozen executives alive today on this planet. Radical Leftist claims that Trump is insane, suffering from dimentia, or is stupid are utterly refuted in this important briefing. Trump answers reporter's questions from a wide variety of critical issues and also makes a brief trade negotiation point with the members of the China and US negotiation team.

We are lucky to have a man of this caliber representing us. Trump is a "get in done" President whose agile mind finds creative solutions to any obstacles that either come his way or are thrown his way.

Hopefully Democrats will figure out that supporting Trump means a stronger economy, country, and political system for us all.

 

[exGOPer]

Joshua Green: “Unlike immigration, the Chinese retaliatory tariffs were felt acutely by some of Trump’s most fervent supporters. Take farmers. As I documented last spring, the 30 congressional districts most reliant on soybeans for economic activity all voted for Trump in 2016. Since then, their pain has only intensified. This week, soybean prices fell to the lowest level in 12 years.”

“But if Trump follows through on his threat to impose a broad new round of tariffs, the number of Americans affected would grow dramatically. The initial wave of $250 billion focused on intermediate or capital goods: the sorts of materials businesses use to make finished products. The next round will focus on $300 billion of consumer goods, everything from iPhones to golf clubs to coffee makers to t-shirts and sweaters. As Bloomberg News put it on Monday, anyone who shops at a mall will become a victim of the trade war. One estimate puts the annual cost at $500 per U.S. family.”