Wisconsin Farmers Take Hit From Trade War

Historically, February into March in Wisconsin is a time of planning and planting for our farmers. It is also the time where prices for their commodities continue their rise to the midsummer peaks before the decline towards harvest.

Unfortunately, due to the unprecedented trade war begun by the Trump Administration, important commodities for Wisconsin farmers have seen their prices plummet. According to the American Farm Bureau Association, May corn futures are off over 10% from their mid-February peak. May soybeans have slightly recovered to be only off around 9% from their early February peak. April Class IV milk is also down over 10% from its 52 week high.

10% may not sound like much, but apply that to your own finances. What changes would you have to make if you saw a 10% reduction in your income overnight?

Despite the claims by the president that, “Tariffs do not cause inflation, they cause success”, it is becoming clear that success for the Wisconsin farmer under Trump means less income and possibly fewer buyers for their goods.

Trade wars damage everyday Americans – the same “little guys” that Trump claims to be fighting for. Lower income and higher prices while government revenue through taxation is not what the American people voted for, but it appears that is exactly what they are going to get if the tariff battles don’t stop soon.

For more on the Libertarian Party of Wisconsin, please visit www.lpwi.org.

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.