We noted a while ago that Comrade McDeal’s easy-to-win Trade Wars were causing havoc with US Agriculture and we were losing markets to Brazil and others (China bought $0 worth of US agriculture products in December), but his shut-down is now roiling Big AG in another way:
“[The shutdown] could wreak havoc on U.S. agriculture, and the rural economy, as farmers wait on subsidy payments, loans and data they need now to make plans for the spring.”
Here’s the thing: you cannot furlough the seasons. Either the crops are planted in time, or they are not. Missing the crucial planting dates (for whatever reason – you don’t have the money to buy the seeds for instance) means the difference between having a harvest and having skyrocketing prices due to scarcity. And it could lead to the US to need to import food.
Think about that.