China diversified soybean supplies to safeguard food security, while American farmers suffered heavy losses.
Just saw the news—American farmers are complaining on social media: great soybean harvests but no buyers, so they have to throw them away. Ironic.
China was well prepared this time, no longer relying on a single country, importing from Brazil and Argentina, and even hitting a record high in self-sufficiency.
In contrast, American farmers have taken huge hits; soybean losses alone could be tens of billions of dollars, with the entire industry chain impacted.
Reports say John Deere has laid off workers, and agricultural loan default rates hit record highs—truly a case of ‘tug one hair and the whole body moves.’
What’s more, the Midwestern farm states—once Republican strongholds—now have many farmers questioning their choices.
When the trade war began, the U.S. thought China had no options, but it pushed China to diversify. A blessing in disguise for China.
For American farmers, it’s a disaster. They’re the biggest casualties while politicians keep calculating.
This also reminds us that food security and supply chain security must never be put in others’ hands.
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