US farm economy is starting to see first hits from Trump tariffs
Trump’s tariffs are upending crop trading, delaying tractor purchases and constraining imports of chemical supplies into the United States.
That’s the main message from big agricultural businesses as they report their quarterly earnings, giving an early glimpse into the far-reaching impacts of the U.S. president’s trade war.
The disruptions in global trade threaten to extend a years-long slump in the U.S. farm industry, which had already been struggling with ample supplies, depressed crop prices and rising competition from Brazil. Lack of clarity on how the Trump administration will address much-needed incentives for crop-based fuels in the next few years has added to concerns.
https://www.latimes.com/business/story/2025-05-09/us-farm-economy-is-starting-to-see-first-hits-from-trump-tariffsOpen linkView original on lemmy.world262
Comments19
This whole thing feels like déjà vu. We went through this exact same crap in the 80s farm crisis: overproduction, farmers drowning in debt, government policies that completely missed the mark. Watching it play out again is honestly pretty depressing. Like, we literally watched this movie before and still decided to hit rewind? Really hoping this doesn't end the same way, but the similarities are there.
How did it end last time?
Badly.
https://en.m.wikipedia.org/wiki/1980s_farm_crisis
well that depends on who you're rooting for in the class war. badly is if you're one of us. but 47's just finishing what 40 started
I am proletariat for sure.
Not bitter and unhappy enough to be part of the 1%.
See also https://en.m.wikipedia.org/wiki/Farm_Aid
The recession is the point; the rich will get richer (Musk and all the oligarchs)
The volatility of the tariffs is the point; BRIC will get stronger (Tulsi Gabbard's mission)
The erosion of liberties and the judicial system is the point; the zealots like Miller and Johnson and Flynn will consolidate power domestically.
Every part of America is being sold off, sabotaged, and stolen.
just have to get use to less dolls
These farmers are probably swimming in pencils
One kids have less dolls they’re free to work on the farm more.
I can't Bernie's not in office for his 3rd term. /s
you're crazy. musky will be buying up those farms himself through LLCs then leasing them out to his kinda whites. nobody avoids the grift not even the one assuming they're being let in on it.
Get fucked, idiots.
Unless you didn't vote for this, in which case: my condolences.
Hope they suffer greatly
This is the Find Out part
They use an image of a farm growing lettuce in the desert. -Surely there's a better crop that can be grown there.
Peyote?
So slow though, san pedro is more economical