Some farmers are saying the Trump administration’s proposed $12 billion bailout is a short-term solution. The relief package includes direct payments to farmers as well as purchasing surplus commodities to help them through the global trade war.
Jon Schaeffer farms near Viborg and keeps a close watch on the markets.
“Soybeans have gone down nearly $2 a bushel and it’s affected everyone’s bottom line, you know there’s places we still have good crops out there but it takes money to operate and things like that and to support families,” farmer, SD Soybean Association, Jon Schaeffer said.
Schaeffer says the Trump administration’s $12 billion relief package doesn’t solve the problem.
“This is just a short term fix the tariff problem, we are hoping they put more money like they talked about earlier about foreign market development, NAFTA, things like that that creates more stability in our industry,” Schaeffer said.
Craig Anderson, is the Vice President of South Dakota Pork and raises about 2,400 pigs of his own. The tariffs are also affecting his bottom line, so he appreciates the government’s efforts.
“It’s good in the fact that it’s acknowledging, that the administration knows they have put farmers into a situation where we could be losing a lot of money, but it’s good that they acknowledge the problem because we are the ones on the point of the spear,” Vice President of South Dakota Pork, Craig Anderson said.
Both Schaeffer and Anderson would like to see a long-term solution.
“This is just a short fix so hopefully the foreign market development, and put more money towards NAFTA, that creates something long term that we can depend on,” Schaeffer said.
“Hopefully they’re going to work at getting the trade issues all resolved and the sooner the better,” Anderson said.