In light of recent trade conflicts many farmers are left guessing what lies ahead. However, President Trump has assured he has not forgotten American farmers and will not abandon them in this time of need. Find out what the president is doing to uphold his promise of support.
Trump Stands Up for U.S.
Current trade disputes with China and Mexico have left farmers unsettled. With prices already low in many markets, this was yet another blow to American farmers’ wallets and morale. However, if Trump succeeds in changing trade behavior with other countries, farmers will certainly reap the benefits.
Until this happens, President Trump had special instructions for U.S. Secretary of Agriculture, Sonny Perdue. Trump instructed Perdue to craft a strategy to support America’s farmers in the face of retaliatory tariffs.
“At the U.S. Department of Agriculture, we have tools at our disposal to support farmers faced with losses that might occur due to downturns in commodities markets,” Perdue said. “If China does not soon mend its ways, we will quickly begin fulfilling our promise to support producers, who have become casualties of these disputes.”
Trump’s ultimate goal is to create stronger trade relationships. He feels the U.S. has been taken advantage of for too long and is looking to change this. Perdue said Trump is a tough negotiator and feels confident American agriculture will feel great benefits from stronger trade relationships.
“China might underestimate the strength and resolve of American farmers, but the president does not,” Perdue said. “And he will not allow our agricultural producers to suffer because of China’s continued bad actions.”
USDA Hiding Playbook
Perdue spoke of “tools” to support farmers faced with losses during trade disputes. However, he did not reveal what those tools were. Furthermore, he gave no inkling to what the plans entailed.
“To this point, we have not unveiled our strategy, as it is not practice to open our playbook while the opposing team is watching,” Perdue said.
Earlier it was said President Trump’s aides are looking at ways to use the Commodity Credit Corporation Charter Act. This is a division of the USDA created in 1933 to offer a financial backstop for farmers. Perdue confirmed he is looking into this option, but also views it as a last resort. He does not want to implement this unless absolutely necessary.
Perdue continued, saying CCC may be part of the tool but is certainly not the whole thing. CCC is simply a page in the playbook and the USDA will not be laying out the rest for the defense to see.
Trump has promised to have the backs of American farmers. Trade tensions are high and farmers are certainly feeling the pressure.
“There’s legitimate anxiety when you see prices depressing. But farmers are resilient,” Perdue said. They understand that China has not been playing fair.”
Trump hopes to create new trade relationships as he feels the U.S. has been taken advantage of in the past. However, Trump won’t leave farmers out to dry.
“They’re patriots, but they also know that patriotism can’t pay the bills—and that’s where they’re concerned,” Perdue said.
Trump instructed Perdue to do everything he can to help farmers. The USDA is keeping their playbook a secret for now, as not to share too much information with China. Rest assured, farmers have not been forgotten and help is on the way.