Chinese buyers booked at least 10 cargoes of Argentine soybeans after Buenos Aires scrapped grain export taxes, three traders said on Tuesday, dealing another setback to U.S. farmers already shut out of their top market and hit by low prices.

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[–] 144 points 1 year ago (14 children)

Someone wants to buy US soy farms for cheap.

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  • [–] 89 points 1 year ago (11 children)

    That's what I love about their stupid logic

    The US economy was built and maintained because of the large number of middle class business people and small town business owners, farmers and workers .... the little bit of wealth they generated for themselves helped to create a monolith of wealth for the ultra rich ... the money trickled upwards.

    Now they are set to destroy and decimate all those American middle class people and their little bit of wealth ... it will be like shutting off the tap that supplied the ultra wealthy with all their wealth. On top of that, the new class and growth of destitute people everywhere will only become a net loss as you try to turn your country into an expensive police or military state that will constantly need financing.

    Sure, the rich will be able to buy everything up for cheap ... land, businesses, buildings, real estate, everything for a fraction of what it cost originally ... but any savings they get will be lost on paying for security, police, even military as everyone everywhere start fighting for the little bit of scraps they can get because they're starving.

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  • [–] 47 points 1 year ago (3 children)

    Ironically, this is (partially) why government social support services originally started in England. Back in the Victorian period, the rich realised it was cheaper to pay a bit more tax to keep the poor fed, than pay for security to stop them being robbed. It was also cheaper than locking them all up.

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  • [–] 15 points 1 year ago (2 children)

    Which is why we will never be allowed to starve .... not fed enough, not enough nutrition, constantly hungry ... but never allowed to completely starve.

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  • [–] 27 points 1 year ago

    This is America we're talking about here. MAGA is fucking cruel. They'll take pleasure watching people starve who they've deemed as lessor.

    That already think all immigrants in the country are criminals and cheer when they're deported to death camps.

    Sorry, friend. You're starving.

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  • [–] 99 points 1 year ago (2 children)

    Nice job farmers. Now the corpos can gobble up your land for cheap and leave you out on your ass..... Maybe you shouldn't have backed the orange moron.

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    [–] 87 points 1 year ago (6 children)

    Don't start a war you can't win

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  • [–] 63 points 1 year ago (21 children)

    Actually, these tariffs could be the thing that turn impossible burgers into the mainstream. Could you imagine if an impossible burger dropped substantially below a beef burger? You won't have to imagine it soon.

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  • [–] 29 points 1 year ago (7 children)

    Can confirm, it tastes "good enough" to me that if it were the cheaper alternative I'd default to it.

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  • [–] 15 points 1 year ago (1 child)

    I don't know what sort of protein they're using, it might not be soy based. But this does mean Dirt Cheap tofu that they'd be selling at a loss just to get rid of all the soybeans. You could also end up with warehouses full of soy protein isolate that needs to go somewhere which could be a very cheap source for a lot of things for years to come

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  • [–] 16 points 1 year ago

    Without the Chinese purchases, the prices are too low to make harvesting profitable or at least if they have no buyer, they get no profit. The beans will die and rot in the fields. Then next year comes around and they don't have any money to plant new crops. I am not sure if insurance for crops is a thing anymore in the US but next spring the fields might be empty.

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    [–] 52 points 1 year ago (2 children)

    Its incredible just how the fast the US is falling from the world stage. Even Britain remained super relevant after the controlled demolition of their empire.

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  • [–] 52 points 1 year ago (1 child)

    Unfortunately, they will continue to love trump and vote against themselves.

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    [–] 46 points 1 year ago (2 children)

    Trump did this shit his first term and they voted for him again knowing full well he would do it again. Fuck'em

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  • [–] 44 points 1 year ago (6 children)

    Oh my god, it's happening. My country made it into the news without it being something hideous!

    Wir haben es geschaft meine Brüdis!

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    [–] 41 points 1 year ago (12 children)

    I will fight tooth and nail against any bailout for these chuds. They voted for this. Stew in it, chumps

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    [–] 35 points 1 year ago (5 children)

    Exactly what they voted for

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  • [–] 27 points 1 year ago (4 children)

    In Trump's last term, farmers were bailed out with some nice cash infustions. They figured that in his second term, Trump would bail them again with some sweet sweet cash and that's what they thought they voted for. They were wrong.

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  • [–] 26 points 1 year ago (2 children)

    If I remember correctly, Trump's last term made cash payouts to farmers because ... wait for it ... China wasn't buying crops from the US (particularly soybeans) in response to the tariffs imposed by Trump's first administration.

    So I guess they weren't entirely wrong with that "he'll do it again" mentality.

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  • Bankruptcy is a small price to pay for smug racism

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  • [–] 31 points 1 year ago (1 child)

    American farmers reaping what they sowed. Or not.

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    [–] 28 points 1 year ago (1 child)

    Watching these dumb fucks lose their farms and try to pull themselves up by their bootstraps working for minimum wage at Dollar General is going to be one of the few amusement that will come out of the next few years.

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    [–] 27 points 1 year ago

    Fucked around and found out. You picking up what you threw down flyover states?

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  • [–] 25 points 1 year ago

    Ohhhh nooo!

    Fuck republicans and donald trump. You are responsible for all of this and the blood is on your hands dude.

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  • [–] 25 points 1 year ago

    Maga: "winning!"

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  • [–] 19 points 1 year ago

    American leopards are feasting well.

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  • [–] 19 points 1 year ago (1 child)

    Trump also took their taxes and bailed out Argentina. Lmao.

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    [–] 18 points 1 year ago (1 child)

    Never write a check with your mouth that your ass can’t cash.

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    [–] 17 points 1 year ago (11 children)

    They shouldn't be bailed out. They should just lose their Farms. Solid from some hippies to make a commune instead, it's a way better use of the land

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  • [–] 48 points 1 year ago (6 children)

    They won’t be. Small farms will be foreclosed on and predatory corporations owned by billionaires will swoop in to buy them up, further concentrating all wealth into the hands of the few.

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    [–] 13 points 1 year ago

    Play stupid games, win stupid prizes. A la USA. -chef's kiss-

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