I have one thing to say to this.
In early February, the Texas Farm Bureau defended President Donald Trump as he moved to enact tariffs on foreign goods coming into the United States, saying they trusted him to “protect the interests of farm and ranch families.”
But now, after more rounds of tariffs and counter tariffs by nations including China, Canada and the European Union have started to hit demand for U.S. agriculture goods overseas, Texas Farm Bureau President Russell Boening acknowledged his members are growing anxious.
“We understand that’s his negotiating tool, but at the same time tariffs can be hard on agriculture,” he said. “If you’re in a good spot you can withstand this, but you worry about the producer who has only been in this five or ten years and doesn’t have a lot of equity built up. Those are the operations that could be in trouble.”
Texas farmers, already struggling from drought and low commodity prices, are on the front line of a growing trade war between the United States and its longtime trading partners. And as a key Trump constituency, their discomfort is likely to be of particular concern to a White House that has already gone back and forth over enacting tariffs.
Cotton, a staple for farmers in West Texas, hit its lowest price in four years earlier this month after China announced a 15% retaliatory tariff on a number of U.S. agricultural goods. China, the largest buyer of grain sorghum in the world, has also virtually stopped buying the crop from Texas farms, Boening said.
And it’s looking increasingly likely that Mexico, a major buyer of U.S. rice, a big crop in East Texas, will be turning to farms in South America if Trump goes ahead on his threat to impose a 25% tariff on goods from Mexico and Canada on April 2, S&P Global Intelligence, a research firm, reported earlier this month.
I have no interest in using my words here. They don’t deserve them. Here’s a video.
FAFO. The leopards thank you for the sustenance.
I guess higher food prices will be an opportunity for Americans to shed a few pounds.