Trade conflicts cost Nebraska more than $1 billion in revenue, Farm Bureau says

[Julian Englis]

Source: The Hill

A new report from the Nebraska Farm Bureau estimates that President Trump's trade conflicts have cost the state's farmers as much as $1 billion.

“Retaliatory tariffs make our U.S. products more expensive for international customers, meaning they buy less or buy from someplace else,” Nebraska Farm Bureau President Steve Nelson said Monday in a statement, according to the Omaha World-Herald. “This report provides a clear picture of how much we’ve lost due to those tariffs and the need to improve our trade relations.”

The study did not take into account Market Facilitation Payments from the Trump administration. Those payments are aimed to offset farm revenue losses as a result of trade disputes.

Jay Rempe, a Nebraska Farm Bureau senior economist, told the newspaper that corn, soybeans and pork have been negatively impacted by the trade conflicts.

Read more: https://thehill.com/blogs/blog-briefing-room/news/419642-nebraska-farm-bureau-says-trade-conflicts-cost-state-up-to-1

[BigmanPigman]

1. The fake prez and Bannon said that the farmers will be understanding and know that

they will benefit in the long run. Tell that to the farmers and see how understanding they are right about now.

[keithbvadu2]

2. No sweat! Donald's socialism will fix it.

[33taw]

3. That money is for Grassley and Nunes.

[Midnight Writer]

4. That money is for Putin. Guess who grows lots and lots of corn and soybeans?

Could it be...Russia?

If we won't sell (and about forty per cent of our crops are exported, normally) the world will buy elsewhere.

[blitzen]

5. Just when average Russians are finally starting to turn blame Putin for their woeful economy n/t