Once bitten, twice shy, S.D. farmers don't need Trump's idiotic trade policies anymore. The markets

[TexasTowelie]

Once bitten, twice shy, S.D. farmers don’t need Trump’s idiotic trade policies anymore. The markets love Biden.


As well as stocks have done since Biden was elected, the rally in farm prices has been no less astonishing.

As Donald Trump preps for his upcoming summer grievance tour, holding campaign style rallies over the next few months in Ohio, Georgia, North Carolina and Florida, farmers in those and other states should be listening to his message with some skepticism. South Dakota’s ag community in particular has good reason to doubt that a return to Trumpism will do it much good.

The ex-President’s trade policies were the worst thing that could have happened to American agriculture in decades. The nosedive in soybean and corn prices stemming from Trump’s rather idiotic notion that starting trade wars with our biggest trading partners would be a good thing for our farmers blew up in everybody’s face.

The turnaround in farm commodity futures markets since last Fall has given South Dakota’s ag sector - representing the state’s largest industry - a mighty boost. Soybean prices have moved up 50% since Biden was elected, while corn has jumped nearly 70%. These are huge numbers when you convert them into dollars, representing for South Dakota billions of dollars of revenue that wasn’t there when Trump was in office.

Read more: https://www.sdstandardnow.com/home/once-bitten-twice-shy-south-dakota-farmers-dont-need-trumps-idiotic-trade-policies-anymore-things-are-going-well-without-them

[PortTack]

1. Good..hope Illinois farmers will follow. Had it not been for Gov Pritzker's negotiations with

Taiwan to buy 2 billion in soybeans in ‘19 there would have been a lot more farmers belly up.