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To: locogringo who wrote (1088388)9/14/2018 12:24:39 PM
From: sylvester80  Respond to of 1579124
 
trump LOSING: SC agriculture commissioner: Trump's trade war makes hurricane costs even worse
Katie Krzaczek
Finance Editor
Yahoo FinanceSeptember 13, 2018
finance.yahoo.com

SC Agriculture Commissioner on Hurricane Florence's impact on farmers

As the Carolina coasts brace for Hurricane Florence, local farmers reeling from U.S.-China trade war tariffs are bracing for more pain from wind and rain.

“We estimate the impact of tariffs on our markets to date at is $70 million,” Hugh Weathers, South Carolina’s commissioner of agriculture and a fourth-generation farmer, said on Yahoo Finance’s Midday Movers. “Do we add the loss that may come from the hurricane on top of that? Really, they’ll kind of coincide.”

Florence, a Category 2 storm, is expected to make landfall Thursday night, bringing what meteorologists are calling catastrophic rain and historic floods to the region.



(Graphic: NOAA)
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That downpour will negatively affect the harvest season.

“When there is the rainfall that we’re expecting that impacts [getting into the fields], then harvest just is delayed … whether it’s cotton, or whether it’s peanuts or soybeans,” he said.

‘This down cycle is only made worse by these tariff discussions’Weathers called agriculture a “cyclical industry,” meaning that the farmers are used to dealing with the uncertainty. And recent storms, with tariffs tossed on top, have created an especially weak moment for the industry.

South Carolina farmers were hit with historic flooding in 2015 that led to a loss of $300 million in crop revenue and in 2016, Hurricane Matthew caused $50 million of damage.

Overall, “U.S. farm net income in the last three years has decreased to an amount that was half of what it was in 2013,” Weathers said. “So the cycle that agriculture’s going through has only been exacerbated.

“This down cycle is only made worse by these tariff discussions.”



FILE PHOTO: Lester “Buddy” Stroud, a farm hand at Shelley Farms, walks through a field of tobacco ready to be harvested in the Pleasant View community of Horry County, South Carolina, U.S., July 26, 2013. REUTERS/Randall Hill/File Photo
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‘Our farmers are very resilient’Weathers said it’s not all bad news. The commissioner said he’s “very happy with the announcement” made Thursday speculating another round of aid to be given to farmers in December.

“Our farmers are very resilient,” Weathers said. “We’re going to just prepare for the worst and pray for the best.”



To: locogringo who wrote (1088388)9/14/2018 12:26:35 PM
From: sylvester80  Respond to of 1579124
 
trump LOSING: American farmers: 'We would be much better off' without Trump's trade war
finance.yahoo.com
Adriana Belmonte
Finance Editor
Yahoo FinanceAugust 28, 2018

The U.S. Department of Agriculture announced this week that it will be releasing the first tranche of $12 billion in aid to farmers who have been harshly affected by tariffs from the trade war.

The payment program will begin on Sept. 4, with $4.7 billion in payments being provided to corn, cotton, dairy, hog, sorghum, soybean and wheat farmers in addition to federal government purchases of up to $1.2 billion involving “commodities unfairly targeted by unjustified retaliation.” Those in the soybean industry will be receiving the biggest share of the payments.

Blake Hurst, a corn and soybean farmer from Missouri, said on Midday Movers that while many farmers are grateful of the help they are receiving and supportive of what President Trump is trying to accomplish, “obviously we’d be much better off with a resumption of normal trading patterns around the world.”



Soybean farmers will receive the biggest share of agricultural aid. AGRICULTURE/CATERPILLAR REUTERS/Ueslei Marcelino
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The biggest question for Hurst, who also serves as the Missouri Farm Bureau president, is whether or not the trade war will continue. He put a human face on the fact that soybeans have been hit the hardest by the tariffs.

“We’ve seen about a 15–20% drop on the prices we receive in our farm,” he said. The only answer, he stated, is to make progress in negotiations with China, since they are the biggest soybean customers. “Not more government programs, but to make progress,” he said.

“There has to be some sign that we’re making forward progress,” Hurst added. “If we’re just having tariffs for tariffs’ sake, then that’s a dumb economic policy and disastrous for America’s farmers.”

Trade is an existential issue for farmers. Hurst that said news of the trade deal between the US and Mexico was a step in the right direction.

“Let’s finish up with Canada and get on to China,” he said. “That’s the answer.”

Follow Adriana on Twitter.

READ MORE: Former U.S. ambassador to Canada: Trump ‘is the arsonist that becomes the firefighter’



To: locogringo who wrote (1088388)9/14/2018 12:32:25 PM
From: Wharf Rat  Read Replies (2) | Respond to of 1579124
 
"No infrastructure is the province of the mayor, the governor and the power companies crooks that sheltered $$$millions."

Wrong. FEMA stands for Federal Emergency Management or, in the case of PR, Federal Emergency Mis-management. It's not real difficult to airlift generators to every town, if you have generators.

FEMA Internal Report Cites Problems With Agency's Response To Hurricane Maria
FEMA ultimately installed more than 2,000 generators, which is a record number for any disaster. But the day of the storm, FEMA only had 31 generators on the island - on the entire island.