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IPFS News Link • Agriculture

American Farmers Are Losing Patience And Money In Record Numbers!

• https://www.zerohedge.com, by Mac Slavo

Bankruptcies are skyrocketing, food prices are expected to soar, and American farmers are losing patience with their inability to keep up. For the most part, farmers have stood behind president Donald Trump's mission to get a better trade deal with China. One that addresses long-standing issues with what they say are "unfair trading practices," however, they now seem to be in the crosshairs of the feud.

After weeks of optimistic statements by Trump and members of his administration about how trade talks were progressing, Trump abruptly escalated tariffs on $200 billion of Chinese goods last week and opened the door to even more. This move prompted Beijing to hit back Monday by raising the tariff rate on $60 billion of US items, according to reporting by CNN.

Some farmers are even saying Trump now "owes" them a solution to the problems they face because of his policies.

"The President of the United States owes farmers like myself some type of plan of action," John Wesley Boyd Jr., a soybean farmer in Baskerville, Virginia, told CNN's Brianna Keilar on Monday.

"Farmers were his base. They helped elect this president... and now he's turning his back on America's farmers when we need him the most," he added.