Farmers to Trump: You owe us - CNBC
Article by Jane Wells - Dec. 5, 2016
t's been a tough year in farming, and farmers fear things could get tougher if President-elect Donald Trump does away with NAFTA, the free trade agreement between the U.S., Mexico and Canada.
"The farm states put Trump over the top," said farmer and grain futures trader Jerry Gulke of The Gulke Group. "You could say Trump owes us something."
Farming usually moves in boom and bust cycles, but everything right now is close to busting. The USDA predicts farm incomes will fall 17 percent this year. Corn prices are below break-even levels, while soybeans are doing better. "Wheat is terrible, there's no profit in it," said Gulke.