cross-posted from: https://lemmy.world/post/35684522
Despite his support for Trump, Ragland has become increasingly vocal about the need for immediate trade resolution. “We desperately need to get something rectified quickly with China, our biggest export customer,” he told CNN. “We wanna encourage the administration to get a proactive trade deal done.”
They will likely dump the crops in the ocean to keep prices stable like they do with many other surpluses. One of the worst things about capitalism, instead of trying to feed the poor or do something useful with it
Lumber’s getting affordable so they’ve drastically stopped cutting.
Or the government subsidizes it buying up enough of the crop to raise the price and then destroys it. They could buy up some of the crap and then give it to people that weren’t going to buy soybeans anyway.