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  • farming economy experiences first hits from tariffs

    From Retrograde@21:1/5 to All on Sun May 11 11:14:25 2025
    From the «who's next - you are» department:
    Title: U.S. farm economy is starting to see first hits from Trump tariffs Author: Gerson Freitas Jr.
    Date: Fri, 09 May 2025 18:47:31 +0000
    Link: https://www.latimes.com/business/story/2025-05-09/us-farm-economy-is-starting-to-see-first-hits-from-trump-tariffs

    President Trump's tariffs are upending crop trading, delaying tractor purchases and constraining imports of chemical supplies into the United States.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to All on Sun May 11 11:12:07 2025
    On 11 May 2025 11:14:25 GMT, Retrograde <[email protected]d>
    wrote:

    President Trump's tariffs are upending crop trading, delaying tractor purchases
    and constraining imports of chemical supplies into the United States.

    At a nearby AGCO plant, they furloughed employees recently who build tillage/planter equipment for three weeks.

    Crop income buys their equipment...and with Trump's tariffs, grain
    prices went down. When crop prices rise, then more farm equipment
    will be bought.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)