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.

  • Fluffy Kitty Cat@slrpnk.net
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    4 hours ago

    They shouldn’t be bailed out. They should just lose their Farms. Solid from some hippies to make a commune instead, it’s a way better use of the land

    • FlyingCircus@lemmy.world
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      2 hours ago

      They won’t be. Small farms will be foreclosed on and predatory corporations owned by billionaires will swoop in to buy them up, further concentrating all wealth into the hands of the few.

      • UniversalBasicJustice@lemmy.dbzer0.com
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        2 hours ago

        This isn’t just wealth though. Wealth has the potential to lose its worth in some scenarios depending on the outcome of the current regime. Arable land? As long as we don’t hit the MAD button arable land is going to be primo real estate regardless of what happens. Wealth can only buy food; arable land produces it. THATS power.

    • Wilco@lemmy.zip
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      2 hours ago

      They aren’t going to be bailed out. This was planned. The corrupt government wants their land and bankrupt farmers sell the cheapest land.