Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Prairie Gates

(7,216 posts)
Thu Oct 16, 2025, 01:14 PM Oct 16

Trump has still done NOTHING on the supposed bailout of the soybean farmers

He's been talking about it for at least six weeks very vocally, but was presumably holding off because he thought negotiations with China on tariffs would solve it. Obviously, after his meltdown on China of last Friday, there's no relief coming from new orders, and it's probably too late for that anyway.

In two weeks, many of these farmers will have bills due that were supposed to be covered by the sales, which are non-existent. China hasn't bought a US soybean since May. Trump said he would pay "our great farmers" with tariff funds, but how? And with the government shut down, who is going to collect those applications and press those buttons?

This is affecting other agricultural products as well.

Is he going to wave a magic wand on Halloween and hope for the best?

13 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump has still done NOTHING on the supposed bailout of the soybean farmers (Original Post) Prairie Gates Oct 16 OP
Sure he is...he's bailing out the Argentine farmers... Wounded Bear Oct 16 #1
Every dollar sent to Argentina is coming right back to Wall Street Prairie Gates Oct 16 #2
One big money laundering scheme Strelnikov_ Oct 16 #7
Even if he gets around to giving a partial bailout this year, he's destroyed the soybean market for the future. rsdsharp Oct 16 #3
I've heard compelling arguments TheFarseer Oct 16 #4
Apparently hedge fund investor buddies of Bessent leftstreet Oct 16 #6
They openly admit that the Argentina bailout is to make lenders whole Prairie Gates Oct 16 #10
Maybe too late, maybe never GusBob Oct 16 #5
If anything, the USDA should buy the beans Chyna would have bought Strelnikov_ Oct 16 #9
Its coming, its coming, must wait until Govt. up an running. republianmushroom Oct 16 #8
I say no bailout. nt Hotler Oct 16 #11
He designed an arch Johonny Oct 16 #12
Ha! Prairie Gates Oct 16 #13

Prairie Gates

(7,216 posts)
2. Every dollar sent to Argentina is coming right back to Wall Street
Thu Oct 16, 2025, 01:18 PM
Oct 16

Correction: some might go to Frankfurt, Tokyo, and Zurich.

rsdsharp

(11,801 posts)
3. Even if he gets around to giving a partial bailout this year, he's destroyed the soybean market for the future.
Thu Oct 16, 2025, 01:23 PM
Oct 16

China can meet their needs, cheaper, from Argentina and Brazil, without the threat of lunatic tariffs.

TheFarseer

(9,754 posts)
4. I've heard compelling arguments
Thu Oct 16, 2025, 01:30 PM
Oct 16

That Trump is actually bailing out American investors that invested in risky Argentinian stocks/funds/bonds/ currencies and were about to lose their ass when he handed Milei $20 billion. This needs to be looked into.

leftstreet

(38,876 posts)
6. Apparently hedge fund investor buddies of Bessent
Thu Oct 16, 2025, 01:35 PM
Oct 16
"Funds at investment firms including BlackRock, Fidelity and Pimco are heavily invested in Argentina, as are investors such as Stanley Druckenmiller and Robert Citrone, both of whom worked with Mr. Bessent."



Prairie Gates

(7,216 posts)
10. They openly admit that the Argentina bailout is to make lenders whole
Thu Oct 16, 2025, 02:21 PM
Oct 16

Bessent literally said just that.

GusBob

(8,136 posts)
5. Maybe too late, maybe never
Thu Oct 16, 2025, 01:32 PM
Oct 16

I read soybeans store well so there's that. But and I do say but, China may never buy from US again

So off goes the crop to cow feed. The farmers need income to keep the lights on and their equipment maintained, etc

Without which there will be bankruptcies fer sure by Spring.

The effects could be long lasting, even if the bailout is tomorrow

Strelnikov_

(8,108 posts)
9. If anything, the USDA should buy the beans Chyna would have bought
Thu Oct 16, 2025, 01:47 PM
Oct 16

then over the course of the next year find a way to dispose of them at as little loss as possible.

IMHO this is a better 'scheme' then a slush fund that only the connected will be allowed to the teat.

Also, it directly addresses the 'entitlement' issue, the farmers could not sell their crop due to the US initiated trade war, so the US will buy the crop. Also would be easily auditable.

Dollars to doughnuts, though, the farmers will scream that the $14B in sales lost will not be sufficient. Looks like they are angling for a $50B slush fund.

republianmushroom

(22,123 posts)
8. Its coming, its coming, must wait until Govt. up an running.
Thu Oct 16, 2025, 01:40 PM
Oct 16

Hand behind back with fingers crossed.

Christ, the dude has stiffed everybody what make one think he won't stiff these farmers ?

Latest Discussions»General Discussion»Trump has still done NOTH...