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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[–] 146 points 1 year ago (13 children)

Someone wants to buy US soy farms for cheap.

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  • [–] 89 points 1 year ago (10 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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  • [–] 11 points 1 year ago

    Not like you will have statistics or free media to know one way or the other. Lmao

    Glad USians sacrificed all those children to gun violence in case they ever needed to use their guns to fight tyranny. /s

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

    trump and the gop, wants to replicate RUSSIA, and putins oligarch, where all the control, and planning is on the top.

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

    Wenn du aus Argentinien bist, warum sprichst du dann Deutsch?

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  • [–] 9 points 1 year ago (2 children)
  • [–] 81 points 1 year ago (6 children)

    Don't start a war you can't win

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  • [–] 66 points 1 year ago (5 children)
  • [+] 25 points 1 year ago (4 children)
  • [–] 34 points 1 year ago (5 children)

    Exactly what they voted for

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  • [–] 26 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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  • [–] 98 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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  • Bankruptcy is a small price to pay for smug racism

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  • [+] 28 points 1 year ago (1 child)
  • [–] 5 points 1 year ago

    They will spend all day at the only cafe in town and bitch about how this is all Obama and Biden's fault. These stupid a-holes wouldn't read a newspaper if it had tomorrows lottery numbers on the front page.

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

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

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  • [–] 24 points 1 year ago

    Maga: "winning!"

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  • [–] 65 points 1 year ago (16 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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  • [–] 30 points 1 year ago (5 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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  • [–] 22 points 1 year ago (3 children)

    A good fake meat burger beats a bad or mediocre beef burger any day.

    But nothing still beats a premium beef burger.

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

    Yeah. Impossible and Beyond burgers both beat shitty fast food meat patties, hands down.

    Though I'll take a nice black bean patty most days over both, or pulled pork, or salmon.

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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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  • [–] 14 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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  • [–] 2 points 1 year ago (1 child)

    Don't know what happened with Just Eggs when real eggs were super expensive. What stopped them the past 5 years from scaling production to really take advantage of the peak egg prices

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  • [–] 12 points 1 year ago

    I tried some last week for the first time, and it is borderline a food crime. I was making some home made mcmuffins and tried them side by side with real eggs. It might be okay if it's consumed with other ingredients like a breakfast burrito, maybe, but on its own or where it can stand out, just no.

    I'm happy that it's there for those willing to try or on a restricted diet/vegan lifestyle, but it would not sell as a direct egg replacement for regular folk in my opinion.

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

    As long as their macronutrient profile resembles beef (ie. near to no carbs); I’d happily switch over!

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  • [–] 4 points 1 year ago* (1 child)

    From https://www.beyondmeat.com/en-US/products/beyond-beef/ground

    Nutrition

    Amount %Daily Value*
    Total Fat 14g 18%
    Saturated Fat 2g 10%
    Trans Fat 0g
    Polyunsaturated Fat 2.5g
    Monounsaturated Fat 8g
    Cholesterol 0mg 0%
    Sodium 310mg 14%
    Total Carbohydrate 8g 3%
    Dietary Fiber 2g 7%
    Total Sugars 0g
    Added Sugars 0g
    Protein 21g 34%
    Vitamin D 0mcg 0%
    Calcium 120mg 8%
    Iron 4mg 20%
    Potassium 370mg 8%

    Nothing alike, I'm afraid.

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    [–] 44 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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  • [–] 13 points 1 year ago (1 child)

    he also bailed them out, but this time he has no reason to bail them out, he wants thier land now.

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  • [–] 2 points 1 year ago

    It was mostly the big corp farms that benefited in the end. Many smaller farms that had been family-owned for generations weren't so lucky.

    Worse, farmer mental health declined and suicides increased.

    Trump: Hey my policies killed lots of people during my first term. I'll do that again, only this time on a massive scale!

    https://www.forbes.com/sites/chuckjones/2019/08/30/amid-trump-tariffs-farm-bankruptcies-and-suicides-rise/

    https://en.wikipedia.org/wiki/Trump_administration_farmer_bailouts

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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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  • [–] 11 points 1 year ago

    They won't get bailouts. It's all part of the Project 2025 plan to bankrupt small farmers so agricorps can buy it all on the cheap.

    These poor idiots voted for their own demise. But "trans scary!".

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  • [+] -11 points 1 year ago (10 children)

    Why wait? You can use Bitcoin to opt out of bailouts entirely.

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  • [–] 26 points 1 year ago (9 children)

    Today I learned that if I buy some Bitcoin, then this will prevent the Government from giving loads of money to these people

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  • [+] 13 points 1 year ago (2 children)
  • [–] 0 points 1 year ago (5 children)
  • [–] 7 points 1 year ago (4 children)

    Today I learned that if I buy some Bitcoin, this will prevent the Government from taking money from my wallet and bank account to give to these people

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

    Why did you only opt out partially?

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  • [–] 5 points 1 year ago* (2 children)
  • [–] 3 points 1 year ago*

    Nay, once every week for the past four years, I go to McDonald's and order a hamburger for $3, but they ask me for $3.27, so I only put down $3 on the counter and then loudly proclaim I refuse to pay the sales tax on it. Then I walk out of the restaurant to force them to accept my money.

    (I have not eaten a hamburger in four years)

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  • [–] 20 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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  • [–] 51 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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  • [–] 19 points 1 year ago (1 child)

    Britain kinda had to turn insular after the world wars. I don't know what's happening with America but it smells like hubris. It's pretty worrying, too.

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  • [–] 24 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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  • [–] 31 points 1 year ago (1 child)

    American farmers reaping what they sowed. Or not.

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  • [–] 10 points 1 year ago
    [–] 26 points 1 year ago

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

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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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