Guess farmers picked the wrong candidate for president.
If China cancels its current waiver (from the 2020 Phase I agreement) and reverts to tariffs already on the books, U.S. soybean exports to China would, according to the study, fall 14 to 16 million metric tons annually, an average decline of 51.8% from baseline levels expected for those years. U.S. corn exports to China would fall about 2.2 million metric tons annually, an average decline of 84.3% from the baseline expectation.
US farm debt is currently in excess of $562 billion.
During the last Trump administration tarriffs resulted in 599 farm foreclosures. Last year thst number was down to around 200. With the current trade war it is estimated that 23 percent of US farms will fail.
On January 9th, Elon Musk has expressed concerns about the efficiency and environmental impact of biofuels, particularly ethanol, suggesting they require vast amounts of land and can displace food crops or natural wilderness, while also highlighting the potential for solar energy to be a more efficient alternative.
Here's a more detailed breakdown of his stance:
Efficiency Concerns:
Musk has argued that biofuels, like ethanol, are inefficient at converting sunlight into stored energy compared to solar power, requiring significantly more land area to produce the same amount of energy.
Land Use:
He has pointed out that biofuels can displace food crops or natural habitats, which he sees as undesirable.
Alternative Energy:
Musk has advocated for solar power as a more efficient and sustainable alternative, believing it can play a crucial role in the transition to a sustainable energy economy.
40% of the acreage designated for corn grain is used for corn ethanol production, of which 25% was converted to ethanol after accounting for co-products, leaving only 60% of the crop yield for human or animal consumption.
The USDA's National Agricultural Statistics Service (NASS) estimated 91.5 million acres of corn planted in the United States for 2024.
Approximately 16% of the US corn crop is exported annually, with a significant portion going to Mexico, followed by China and Canada.
SO OVER HALF of the farm acreage for corn is going to be going out of production.
US farm debt is currently in excess of $562 billion.
During the last Trump administration tarriffs resulted in 599 farm foreclosures. Last year thst number was down to around 200. With the current trade war it is estimated that 23 percent of US farms will fail.
On January 9th, Elon Musk has expressed concerns about the efficiency and environmental impact of biofuels, particularly ethanol, suggesting they require vast amounts of land and can displace food crops or natural wilderness, while also highlighting the potential for solar energy to be a more efficient alternative.
Here's a more detailed breakdown of his stance:
Efficiency Concerns:
Musk has argued that biofuels, like ethanol, are inefficient at converting sunlight into stored energy compared to solar power, requiring significantly more land area to produce the same amount of energy.
Land Use:
He has pointed out that biofuels can displace food crops or natural habitats, which he sees as undesirable.
Alternative Energy:
Musk has advocated for solar power as a more efficient and sustainable alternative, believing it can play a crucial role in the transition to a sustainable energy economy.
40% of the acreage designated for corn grain is used for corn ethanol production, of which 25% was converted to ethanol after accounting for co-products, leaving only 60% of the crop yield for human or animal consumption.
The USDA's National Agricultural Statistics Service (NASS) estimated 91.5 million acres of corn planted in the United States for 2024.
Approximately 16% of the US corn crop is exported annually, with a significant portion going to Mexico, followed by China and Canada.
SO OVER HALF of the farm acreage for corn is going to be going out of production.
