Not Exactly Stopping Traffic
These rhetorical flourishes notwithstanding, some specifics need to be addressed. Soybean prices last week fell below $10/bushel, nearly 10% below their peak last March, when all the Trump trade-war rhetoric started heating up. Analysts at the Farm Futures site yesterday called that "a fresh reminder of China's diminished soybean purchases over the past several weeks." So where's candidate Johnson's pushback? Tell it to the soybean farmers. So far I don't see much of a fighter for South Dakota's ag interests.
And forgetting about soybeans for a minute, there's the matter of Trump administration policy on the ethanol mandate, aka the Renewable Fuel Standard (RFS), a major matter for corn producers. Trump's EPA chief Scott Pruit has been "chipping away" at RFS, which has irked Iowa GOP Senator Chuck Grassley, who bluntly told Pruitt last week that if the EPA chief didn't reverse course, he, Grassley, would "be calling for Pruitt to resign." Trump's front man at EPA has been a dud as far as many corn producers are concerned, and Grassley is rightly outraged.
So now we've got farmers facing major new national debt, rising interest rates, price-crippling trade disputes and an ethanol-resistant EPA. If all this makes Trump the "effective chief executive" that Johnson venerates, Dusty can have him.