Would a re-elected Donald Trump switch up the ag leadership in the country? Would Joe Biden as president stay the course with ad hoc support payments? We’re talking U.S. politics with Jim Wiesemeyer of Pro Farmer, for those discussions and more.
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- Let’s talk the U.S. election!
- President of the U.S. has COVID-19, does that have an impact on his chances of re-election? Well, any other president, maybe, but this is Donald Trump, and anything can happen
- “Don’t be afraid of COVID, I haven’t felt this good in 20 years.” That’s tough for the families of the more than 200,000 Americans who have died from it
- Will we hear any ag topics debated in this election?
- Renewable fuels is the only one that got a nod in the presidential debate
- Trade will be a big topic, regardless of who wins
- There are some tight races, too
- Biden campaign is getting plenty of money, maybe not for the candidate but to defeat Trump (is the feeling)
- Uncertainty isn’t great for markets
- Wealth tax floated by Biden could have backing
- What impact are the ad hoc payments having on grain markets? Overarching, they’re not a bailout, they are needed. We have a cash flow problem in ag. Has led to a firmer basis than you normally would have seen.
- How long can it last? Likelihood of continued transfer payments? Will probably be harder after the election is decided.
- How bad would the industry look without all of these payments? It would be so bad. Like perhaps early ’80s bad.
- Will this continue with Trump? Could be status quo
- What about Biden? Likely see a shift in focus to smaller, medium sized producer. More focus on food and nutrition programs, for sure.
- Trade policy would likely be left alone for the first year and before doing much, but would have a different style in delivery
- What about animal agriculture’s end by Biden’s administration?
- He will be challenged by the far left portion of the base
- A vice-presidential candidate can cost you, but can rarely help you win the presidency
- Mike Pence vs. Kamala Harris debate could see Pence stay quiet and let Harris do the talking
- Would the administration look similar if Trump is re-elected? The ag secretary is usually a governor.
- Some good names on the Biden list, too
- But look to EPA, too. So many departments involved, and there’s usually more bi-partisanship in these posts
- Demographics at play for both candidates, for sure.