Tariffs, Promises, and the Farm Betrayal

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Farmers were told they’d thrive. Instead, they got crushed—undercut by a trade war that tanked exports, forced sell-offs, and handed opportunities to big-money land barons. With China falling far short of purchase commitments and aid covering only a sliver of losses, the truth is unavoidable: America’s backbone got played while the wealthy walked away with the land.

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Man oh Man, did again I feel for you farmers
out there. You guys got hosed, royally screwed with this
trade war. You really did. I'm gonna go over some
of the numbers here, and I'm sorry to all of
you people that think that these tariffs are wonderful and
they're great. I want you to do us all favor here,

(00:40):
because again, you should try doing this. You should try
it sometime, putting yourself in other people's shoes, just saying
I'm going to ask you to put on your farmer
boots right now, and you know not the Scott Vessett
farmer boots, because he doesn't have farmer boots even though
he says he's a farmer. He wears wingtips. Okay, he
wears Let me let me tell you what who's going
to benefit from this trade war with farmers, private equity

(01:04):
and guys like Scott Besson because farmers are going to
have to sell they're going to have to sell. Along
comes big money, guys, And I know it's been tough.
Here you go, I'll buy your farm and I'll lease
it back to you. Do you know that's exactly what
pacent does, right. I'll buy it from you. I'll bail
you out of those times tough, all this stuff. I'll

(01:24):
buy your farm, I'll buy your land. I'll lease it
back to you. I think I'm lying. Do your homework. Okay,
the deal was this. Trump said that China was going
to push back in October twelve million tons this year.
They're nowhere close. They're nowhere close. And what it's twelve today?

(01:50):
Got a couple of weeks. Not to mention the fact
that it used to be thirty million tons now. Caleb
Raglan's in the Wall Street Journal today, the president of
the American Soybean Association said that federal aid would cover
about twenty five percent of the average losses on the crop.

(02:16):
That's it compared it to here. This is a band
aid on an open wound. And again, it's got to
kiss a little ass. Can't piss the president off. We're
thankful that there's something, but this will keep some farms
in business. But what we truly need are market based solutions.

(02:36):
Those are sustainable, long term. What farmers want. What farmers
want as opportunities to make a living, to make a
profit from the market, not being dependent on the next
government program to keep them from bleeding to death. Imagine this.
I would say this to the president. Likes to put

(02:57):
tariffs on things. Why don't you want Why don't you
throw tariffs? Tariff's on hotels, your hotels, Yeah, on all
your hotels. In property. He's got Trump attached to it.
Your golf courses. If any foreigner comes in to stay
at your hotel or you play golf at your places,

(03:18):
You're gonna charge them a tariff. I'm not gonna do that.
It's gonna hurt his business anyway. Trump said on Monday
that the Chinese might soon be buying Big I just
recently spoke with Zijen Ping. I think he's gonna do

(03:39):
even more than he promised. He is even close to
doing what he promised in the first place. I don't
even believe that he promised this. Stop lying to people, man, Okay,
it's obvious. Now. Back in twenty twenty again, it was
called a historic trade deal with China. He Trump bragged

(04:01):
of billions in pledges to buy US farm goods. Soybean
exports came back to the pre trade war levels, but
they still fell thirty short of their target. Again, this
was back when Trump also spent twenty eight billion dollars

(04:25):
in farm maide in his first term. Trump always says
trade wars are good and easy to win. Are you winning?
Are you winning when you have to bail out and
insufficiently bail out make hole farmers in your own country? Nah,

(04:47):
don't think so. Watchdog on Wall Street dot com