Farmers growing increasingly desperate amid rising energy and fertilizer prices
Source: msn/Axios
9h
Farmers across the Midwest are entering planting season under mounting financial pressure, as the Iran conflict drives up diesel and fertilizer prices deepening an agricultural downturn that some say is the worst since the crisis of the 1980s.
Why it matters: Rising fuel and fertilizer costs threaten to push more family farms out of business, drive up food prices and further strain rural economies already battered by trade disruptions, inflation and extreme weather.
The big picture: Mark Mueller a northeast Iowa farmer and president of the Iowa Corn Growers Association tells Axios that the current landscape is more challenging than at any time since the 1980s farm crisis, when interest rates soared and exports plunged, triggering agricultural bank failures.
The stresses are showing, with rising bankruptcies and lenders becoming more reluctant to provide farmers with operational loans. "There's going to be fewer farmers next year than there is this year," Mueller says.
Read more: https://www.msn.com/en-us/money/economy/farmers-growing-increasingly-desperate-amid-rising-energy-and-fertilizer-prices/ar-AA23l4yN
Irish_Dem
(82,282 posts)Turkeys voting for Thanksgiving dinner.
Joinfortmill
(21,666 posts)Irish_Dem
(82,282 posts)ananda
(35,491 posts)Strange wonders these days.
Irish_Dem
(82,282 posts)Beartracks
(14,653 posts)It's not like the rightwing corporatists and "party of business" don't have a track record of crashing the economy and hurting small businesses and "real Americans" despite all their big talk and "low tax" promises. The referenced 1980's farm crisis was under their watch, too.
==================
Irish_Dem
(82,282 posts)Karma sure hit the farmers hard.
Trump was just supposed to screw the people they hated.
Not them.
Beartracks
(14,653 posts)yardwork
(69,639 posts)Irish_Dem
(82,282 posts)RockRaven
(19,747 posts)Hey, wait a minute...!!!
popsdenver
(2,606 posts)as they were losing their multi generational family farms in his first Term when he screwed over the Soy Bean farmers royal.
The bankrupt family farms all crashed & burned, CORPORATE Farms came in and got there farms and equipment for next to nothing, and the rest of the farms didn't look any further than end of their noses......First they came for the Soy Bean farmers, and since I wasn't a soybean farmer, I looked away, and didn't care.....
durablend
(9,363 posts)Justice matters.
(10,056 posts)"Lock her up!" they were so happy to chant... well they FAFO (not just once, but twice!)
paleotn
(22,696 posts)What's that old saying? Fool me once, shame on you. Fool me twice, shame on me? I think that's it.
RockRaven
(19,747 posts)on various news channels blubbering and crying about how the tariffs and resultant blowback were killing them and how China had completely zeroed out their orders, not a single dollar of soybeans bought from the US the entire prior quarter (Q2)... And I thought that sounded familiar. And I was right, it did. Because that. was. exactly. what. happened. in. 2018.
You know, right before most of those farmers voted for this guy. Twice more.
Jesus Christ.
Beartracks
(14,653 posts)===============
dem4decades
(14,372 posts)Trump did that
Bluestocking
(786 posts)I can get all my meat, fruit and vegetables from South American countries. The farmers voted for this, not me.
Bluestocking
(786 posts)Here is a hint: it was not the Democratic Party.
BumRushDaShow
(172,159 posts)!!!!!!
Maru Kitteh
(31,996 posts)Those who voted for this travesty will probably never receive any appreciable measure of sympathy from me, sorry to say. They made choices, for all of us.
angrychair
(12,498 posts)On farmers by passing a bill to allow 15% ethanol in gas all year around.
This will be a significant turn of events as the pressure increases on corn farmers to grow more fuel grade corn (called field corn)
(I think it's important to mention here that corn for ethanol, field corn, is very different than sweet corn and the vast majority of corn grown is already fuel/feed grade because it's more profitable)
popsdenver
(2,606 posts)farm equipment uses gasoline........more likely Diesel.......The farm equipment diesel is dyed red, because they don't have to pay any state or federal tax on it, so it is cheaper than you would pay for your diesel street vehicles......
Miguelito Loveless
(5,907 posts)But even without the tax, their prices are going up double digits.
popsdenver
(2,606 posts)TWO HUNDRED DOLLARS to fill up my Diesel Pickup a few days ago. I am sure it will go much much higher before Trump's temper tantrum stops. Even still, the pipe lines still won't start flowing for another 30 days, so the laws of supply and demand will be in force until then...........
sakabatou
(46,322 posts)Stargazer99
(3,553 posts)and that is the way of no competition business and big business has control of you
Miguelito Loveless
(5,907 posts)Most voted for him 3 times. If given a chance most will vote for him a 4th time. Validation of their hatred is more important than bankruptcy. They know who he is. They know he betrayed them repeatedly. They are genetically incapable of admitting error since it would invalidate their reality.
I talk to these people daily. There is no hope for them.
durablend
(9,363 posts)That should help.
live love laugh
(16,475 posts)JI7
(93,890 posts)not fooled
(6,760 posts)we here all know krasnov will sell the farmers out to China.
Icanthinkformyself
(422 posts)Because most farmers voted for it and now they complain and want us to bail their asses out. Next time, Mr. Farmer, vote for people who actually want to help and not strip you of everything to give it to the already rich. Any of them who voted for the Convicted Felon, and that's most of those assh*les, deserves bankruptcy. Go broke and fold the farm. Your Republican congresscritter will help sell it to the billionaires for a data center. Idiots.
JT45242
(4,124 posts)Plus 10 for trump..even with Dubuque.
Face eating leopard...yum yum
UpInArms
(55,339 posts)in rural northwest Missouri about 50% of the fields have not been planted
RockRaven
(19,747 posts)Some people are going to learn a lot, the hard way, about what goes into their usual food choices.
fujiyamasan
(2,015 posts)Vote for an ass hole. Expect shitty policies.
Response to BumRushDaShow (Original post)
bmichaelh This message was self-deleted by its author.
SamuelAdams
(185 posts)He raised tariffs in his first term. They were hurt and needed to be bailed out. He fooled them twice, shame on them.
Bengus81
(10,360 posts)and walked out of a town hall filled with his MAGA farmers and others. Plenty of Dems are challenging him but I'll guarantee those MAGA farmers and others who have been SCREWED over by Trump and Marshal (and might have been at that town hall) will trip over themselves to vote for Marshall once again.
It's in the DNA of this State (with Governor being the exception) and many other States,they loved getting fucked over by Republicans.
Cirsium
(4,105 posts)There are not enough farmers - farm owners - to affect election results, even in the most heavily agricultural areas. People identify with the image, with the stereotype, and the Republicans play on that imagery, but we shouldn't buy into it. Farm owners vote in alignment with the way owners in every industry vote. They skew Republican maybe 60/40. In this agricultural area here, Trump got 10,000 or so votes, but there's only 300 voters.
Republicans point to those maps with all those huge expanses of red in rural areas and suggest that the country is mostly conservative. We reinforce that illusion when we buy into the idea that it's mostly farmers in those areas. Acres don't vote. People do.
BumRushDaShow
(172,159 posts)In my sig.
