Trump Touts Tax Cuts to Farmers Amid Immigration, Trade Concerns

Lester Mason
January 9, 2018

"Free and fair trade that works for our workers, our consumers and our businesses", said Shah.

"Oh, are you happy you voted for me", Trump purred later.

Since taking office, Trump has withdrawn from the Trans-Pacific Partnership, a trade deal that was expected to raise net farm income by $4.4 billion per year, and threatened to pull out of NAFTA, which has been a boon for US farms.

"One of Trump's campaign promises was he would get regulations off our back, and you can see that happening", said Scott VanderWal, a corn and soybean grower near Volga, South Dakota, 50 miles north of Sioux Falls.

He gave the speech to American Farm Bureau Federation to thank them for their political support and to unveil a new plan created to help struggling rural areas.

Farmers will also be watching the next round of NAFTA negotiations due to get underway in Montreal later this month.

"When Mexico is making all of that money, when Canada is making all of that money, it is not the easiest negotiation", Trump said.

While other parts of the US economy are going strong, farmer finances have struggled since the end of a commodities boom in 2013. Profits in 2017 are estimated to be less than half the record levels of four years earlier.

Trump spoke about different issues affecting farmers across the country, but his main goal is to provide more opportunities to rural areas by addressing the lack of internet.

Trump used the moment to attack Democratic lawmakers, none of whom supported the tax legislation: "Every Democrat in the House, and every Democrat in the Senate voted against tax cuts for American farmers", he said.

The Farm Bureau has a far reach, with offices in 2,795 of the nation's 3,144 counties.

The farm bureau's convention drew more than 7,000 farmers from across the U.S.

He received a standing applause from the almost 4,000 members in attendance on the tax reform's inclusion of increasing the exemptions for estate tax. She says that she may use recent tax cuts to grow her business or better compensate employees. "We ditched the rule", he said, to the members of the organization which led the charge to "Ditch the Rule" when it came out in 2015. "They're taking a common-sense approach to rural America's problems" by lowering taxes and relaxing regulations to create jobs, he said.

Iowa Farm Bureau president Craig Hill attended Trump's speech Monday and said he is concerned about a NAFTA deal. He also said the changes to the estate tax will benefit his family's operation.

The president began his week putting farmers at the forefront.

Still, Trump's ties to rural voters are far from broken despite some strains, said Johnathan Hladik, policy director for the Center for Rural Affairs in Lyons, Nebraska. "Farmers are some of the few people who buy everything at retail and sell everything at wholesale prices".

Other reports by Iphone Fresh

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