Heartland Devastation: 300% Chinese Tariffs Threaten $50B Farm Economy, Risk 45,000 Bankruptcies

USDA economists project agricultural losses exceeding the 1980s farm crisis if China implements retaliatory measures:

Crop-Specific Catastrophes:

  1. Soybean Sector Collapse

    • 85% export decline (China buys 60% of US crop)

    • Price crash to 8/bushel(from13.50)

    • 32,000 Midwest farms at risk

  2. Pork Industry Bloodbath

    • 72% of $2.5B Chinese market lost

    • Smithfield Foods warning of 40 plant closures

    • 13,000 hog farmers facing ruin

Political Timebomb:

  • Iowa GOP delegation splits on tariff support

  • Farm Bureau launching $15M ad campaign

  • China stockpiling Brazilian soy as hedge

Historical Parallels:

 

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