Thursday, August 29, 2019

U.S. Farmers May Be Angrier, But Their Trump Love Is Growing

On one hand, farmers have never been this critical of the Trump administration and the trade war with China.

Support for the president rebounded in the past year, with 67% of farmers saying they'd back him for reelection in 2020, according to a survey of 1,150 growers carried out by Farm Futures between July 21 and Aug. 3.

The Trump administration has faced farmer backlash in recent weeks as the U.S.-China trade war means an essential block against American goods in one of the most important buyers.

Since the end of the survey period in early August, farm tensions have continued to accelerate as the Trump administration granted waivers allowing some oil refiners to sidestep biofuel mandates, the USDA reiterated its outlook for big crop yields and amid further escalations in the trade war.

Still, growers backing Trump believe something needs to be done about the U.S. trade deficit even if the outcome is bad for agriculture in the short term, said Farm Futures Executive Editor Mike Wilson.

Only 6% of the farmers who voted for Trump said they wouldn't back him if the elections were held today, according to the survey, which is being released Thursday at the Farm Progress show in Decatur, Illinois.

American farmers will need to focus on finding new markets and other crops to grow going forward.

https://finance.yahoo.com/news/american-farmers-may-angrier-trump-123000865.html

No comments: