Chinese buyers booked at least 10 cargoes of Argentine soybeans after Buenos Aires scrapped grain export taxes, three traders said on Tuesday, dealing another setback to U.S. farmers already shut out of their top market and hit by low prices.
Someone wants to buy US soy farms for cheap.
That’s what I love about their stupid logic
The US economy was built and maintained because of the large number of middle class business people and small town business owners, farmers and workers … the little bit of wealth they generated for themselves helped to create a monolith of wealth for the ultra rich … the money trickled upwards.
Now they are set to destroy and decimate all those American middle class people and their little bit of wealth … it will be like shutting off the tap that supplied the ultra wealthy with all their wealth. On top of that, the new class and growth of destitute people everywhere will only become a net loss as you try to turn your country into an expensive police or military state that will constantly need financing.
Sure, the rich will be able to buy everything up for cheap … land, businesses, buildings, real estate, everything for a fraction of what it cost originally … but any savings they get will be lost on paying for security, police, even military as everyone everywhere start fighting for the little bit of scraps they can get because they’re starving.
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If you cant afford to miss a paycheck, youre already a slave
Ironically, this is (partially) why government social support services originally started in England. Back in the Victorian period, the rich realised it was cheaper to pay a bit more tax to keep the poor fed, than pay for security to stop them being robbed. It was also cheaper than locking them all up.
Which is why we will never be allowed to starve … not fed enough, not enough nutrition, constantly hungry … but never allowed to completely starve.
This is America we’re talking about here. MAGA is fucking cruel. They’ll take pleasure watching people starve who they’ve deemed as lessor.
That already think all immigrants in the country are criminals and cheer when they’re deported to death camps.
Sorry, friend. You’re starving.
Not like you will have statistics or free media to know one way or the other. Lmao
Glad USians sacrificed all those children to gun violence in case they ever needed to use their guns to fight tyranny. /s
trump and the gop, wants to replicate RUSSIA, and putins oligarch, where all the control, and planning is on the top.
Billionaires want to buy farmland for cheap
JD Vance apparently
Don’t start a war you can’t win
Unless losing is your goal
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They?
the oligarchy, yes.
I thought they meant China, because this is all on the US.
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Unfortunately, they will continue to love trump and vote against themselves.
also argetinia’s economy is being propped up by trump, so we are indirectly still helping them
Nice job farmers. Now the corpos can gobble up your land for cheap and leave you out on your ass… Maybe you shouldn’t have backed the orange moron.
Oh my god, it’s happening. My country made it into the news without it being something hideous!
Wir haben es geschaft meine Brüdis!
Wenn du aus Argentinien bist, warum sprichst du dann Deutsch?
When they Nazis.
Technically, long before the nazi went seeking shelter. The German speaking populace was a reason why the nazi chose Argentina
Genau das gleiche mit Blumenau und Pomerode in Brazilien.
We made into the news antagonizing America wtf, Milei is the bigger Trump bootlicker ever, I’m confused.
Exactly what they voted for
In Trump’s last term, farmers were bailed out with some nice cash infustions. They figured that in his second term, Trump would bail them again with some sweet sweet cash and that’s what they thought they voted for. They were wrong.
If I remember correctly, Trump’s last term made cash payouts to farmers because … wait for it … China wasn’t buying crops from the US (particularly soybeans) in response to the tariffs imposed by Trump’s first administration.
So I guess they weren’t entirely wrong with that “he’ll do it again” mentality.
So they voted for welfare for themselves basically. That’s MAGA for you.
Except that project 2025 does talk about scrapping a lot of farmer subsidies, insurance and safety nets.
Bankruptcy is a small price to pay for smug racism
Watching these dumb fucks lose their farms and try to pull themselves up by their bootstraps working for minimum wage at Dollar General is going to be one of the few amusement that will come out of the next few years.
They will spend all day at the only cafe in town and bitch about how this is all Obama and Biden’s fault. These stupid a-holes wouldn’t read a newspaper if it had tomorrows lottery numbers on the front page.
Trump did this shit his first term and they voted for him again knowing full well he would do it again. Fuck’em
he also bailed them out, but this time he has no reason to bail them out, he wants thier land now.
Actually, these tariffs could be the thing that turn impossible burgers into the mainstream. Could you imagine if an impossible burger dropped substantially below a beef burger? You won’t have to imagine it soon.
Can confirm, it tastes “good enough” to me that if it were the cheaper alternative I’d default to it.
A good fake meat burger beats a bad or mediocre beef burger any day.
But nothing still beats a premium beef burger.
but the impossible can’t match the flavor profile of fecal matter. Notes of diarrhea.
Haha you think these is no decal matter in impossible burgers.
For fucking real! I got some when it was on clearance and it could’ve fooled me. I also kinda liked Boca burgers way back in the day when my mom used to keep the freezer stocked with them.
I don’t know what sort of protein they’re using, it might not be soy based. But this does mean Dirt Cheap tofu that they’d be selling at a loss just to get rid of all the soybeans. You could also end up with warehouses full of soy protein isolate that needs to go somewhere which could be a very cheap source for a lot of things for years to come
Without the Chinese purchases, the prices are too low to make harvesting profitable or at least if they have no buyer, they get no profit. The beans will die and rot in the fields. Then next year comes around and they don’t have any money to plant new crops. I am not sure if insurance for crops is a thing anymore in the US but next spring the fields might be empty.
You mean when a beef burgers gets more expensive? Ah, the illusion of “dropping” below beef burgers.
Don’t know what happened with Just Eggs when real eggs were super expensive. What stopped them the past 5 years from scaling production to really take advantage of the peak egg prices
I tried some last week for the first time, and it is borderline a food crime. I was making some home made mcmuffins and tried them side by side with real eggs. It might be okay if it’s consumed with other ingredients like a breakfast burrito, maybe, but on its own or where it can stand out, just no.
I’m happy that it’s there for those willing to try or on a restricted diet/vegan lifestyle, but it would not sell as a direct egg replacement for regular folk in my opinion.
As long as their macronutrient profile resembles beef (ie. near to no carbs); I’d happily switch over!
American leopards are feasting well.
Maga: “winning!”
Never write a check with your mouth that your ass can’t cash.
This exact situation is known in economics as the mouth-ass fiduciary problem
They shouldn’t be bailed out. They should just lose their Farms. Solid from some hippies to make a commune instead, it’s a way better use of the land
They won’t be. Small farms will be foreclosed on and predatory corporations owned by billionaires will swoop in to buy them up, further concentrating all wealth into the hands of the few.
This isn’t just wealth though. Wealth has the potential to lose its worth in some scenarios depending on the outcome of the current regime. Arable land? As long as we don’t hit the MAD button arable land is going to be primo real estate regardless of what happens. Wealth can only buy food; arable land produces it. THATS power.
Tyson, perdue, foster ,etc. and plus vances ACRETRADER app.
all the American oligarchs also own farmland, lots and lots of farmland.
They aren’t going to be bailed out. This was planned. The corrupt government wants their land and bankrupt farmers sell the cheapest land.
Yeah but they’ll be sold to multinationals.
Play stupid games, win stupid prizes. A la USA. -chef’s kiss-
