US farmer feels pain from trade disputes

CNC
Added On August 11, 2019

Joe Boddiford now grows some 950 acres of cotton in the state of Georgia.
 
He said cotton prices in his area are around 62 to 63 cents per pound right now, compared with the pre-trade tensions level of 80 to 90 cents a pound.
 
"Late they've best been flat, flat and poor."
 
The price reduction is because China has imposed counter-tariffs over some U.S. products. 
 
"We've got so much money invested into any particular part of this infrastructure. It can be financially devastating to just say I quit growing cotton. Because if I quit growing cotton my neighbors probably will quit growing cotton. So who wants to buy my cotton picker?”
 
To help farmers, the U.S. Department of Agriculture has delivered bail-out since last year.
 
But Boddiford gets very little, and in fact he doesn't really want it.
 
JOE BODDIFORD, Cotton Farmer
 
"I think that I can speak for at least 99 percent of the farmers that we would all rather get our money from the marketplace and I'd rather have one-dollar cotton and not even hear from the U.S. government."
 
Boddiford is disappointed as the trade dispute looks to linger following U.S. President Donald Trump's new tariff threat. 
 
He hopes that both countries can normal trade relations and move forward soon.