Harvesting in a trade war: U.S. crops rot as storage costs soar

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Harvesting in a trade war: U.S. crops rot as storage costs soar

(Reuters) - U.S. farmers finishing their harvests are facing a big problem - where to put the mountain of grain they cannot sell to Chinese buyers.
For Louisiana farmer Richard Fontenot and his neighbors, the solution was a costly one: Let the crops rot.

Fontenot plowed under 1,000 of his 1,700 soybean acres this fall, chopping plants into the dirt instead of harvesting more than $300,000 worth of beans.

"Trade wars are good, and easy to win."
 
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Those sore loser farmers don't realize they are making America great again.

"The U.S. government rolled out an aid program .... $12 billion - to help farmers absorb the cost of the trade war."

The sad thing is its a double loss. Loss of grain and loss of taxpayer's money to to aid the farmers. It's a real trump boondoggle.
 
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