Crop Surpluses, Tariffs, Trade, and Taxes
There has been a lot written about the effect of tariffs on farmers and their soybeans and corn crops. These commodities had been bought by China. According to the latest reports China has stopped buying from farmers in the United States. The latest reports are that farmers in Brazil and Argentina have moved into that market and are now exporting to China. The earlier trade war with China cost farmers in the United States in terms of losing a market for their crops. Actually this is what I thought free markets and trading was all about. Instead of trade now our taxes are being given to farmers while they figure out what with all those soybeans and corn crops. Who knows what the future will bring. Maybe some kind of a deal will happen. I know this seems crazy but who's to say that some trader will be able to figure out a way to sell our corn and soybeans to China, make a crap load of money and then figure out a way to avoid taxes on that wi...