American Farm Bureau Federation prez expresses support for Trump trade war, but warns that farmers are hurting - Entrepreneur Generations

On Sunday the leader of America's largest farm lobby expressed support for President Trump's trade war with China, but said farmers are having a rough time and warned that such support might not last forever, Chuck Abbott reports for Successful Farming.

"We’re with you, Mr. President," said Zippy Duvall, president of the American Farm Bureau Federation, at the group's yearly convention in New Orleans. But he added a caveat: "The runaway of our patience is going to be determined by the financial situation of our farms. We went into the battle very weak." Farmers have be

Senate Agriculture Committee chair Pat Roberts, who spoke after Duvall, suggested that the U.S. should trade with China while negotiating to decrease or end China's unfair trading practices and intellectual piracy. Abbott reports. President Trump is scheduled to speak Tuesday at the convention.

"Farm and rural voters were key to Trump’s election in 2016 and he remains highly popular in rural America. He scored a sky-high 76 percent approval rating in late December, just before the partial government shutdown, in a straw poll of producers by Farm Journal," Abbott reports. "By contrast, Trump has an approval rating of 41 percent in a tracking poll maintained by the analytical site FiveThirtyEight."

But 2018 was a "terrible year" for farmers, Duvall said, mentioning hurricanes, wildfires, lost income from the trade war, a farm labor shortage and low commodity prices. And though farm income is about half the record high set in 2013, "the year was a success as far as federal policy, he said, with tax cuts for farmers and ranchers, regulatory relief, passage of a five-year farm law that modestly strengthens the safety net and administration promises to begin year round sales this summer of E15, a 15-percent blend of corn ethanol into gasoline," Abbott reports.


from The Rural Blog http://bit.ly/2SPkuvr American Farm Bureau Federation prez expresses support for Trump trade war, but warns that farmers are hurting - Entrepreneur Generations

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