The deal with Argentina stinks. President Trump is about to break down the small farming beef industry, the same way fruits and vegetables was done over 20 years ago. Small farmers in America have been dead for so long, younger generations have to learn it from a book.
The U.S. has agreed to quadruple Argentina’s beef import quota from 20,000 to 80,000 metric tons annually. This could generate over $600 million in trade for Argentina. But what does it do for the small farming beef industry in America? They already lose on any price increase, to the capitalist in the meat packing industry. But wait, there is hope: The Trump administration has proposed $3 billion in aid to offset the impact on farmers, with another $10 billion potentially on the way.
Let’s translate in layman’s terms for just one moment. Small cattle farmers will receive a one-time 3 billion payout (proposed mind you), for permanent decimation. The farmers would be chumps to accept such a deal, if they had a choice. Trump is saying loud and clear, your choice went in the ballot box. Like Obama, “Hey – I won, remember”. (They won we lose)
The U.S. cattle population is at its lowest since 1961, with high input costs and droughts driving herd liquidations.
There are a lot of Americans feeling the pinch right now, and into the foreseeable future wondering exactly when President Trumps “American’s first” program begins. To do this deal at this time, when American’s are at their lowest is a big slap in the face.
(And I revise an extend my remarks that Trump is secretly taking America down. Patriotism lost with a stolen election)
https://www.agrolatam.com/news/us-expands-argentine-beef-import-quota-milei-trump
https://www.aol.com/finance/iowa-farmers-face-devastating-blow-120000765.html
https://www.cbsnews.com/baltimore/news/maryland-cattle-farmers-argentina-beef-imports-trump-tariff