Farmers sticking with Trump, says GOP senator

A GOP senator insisted Tuesday that farmers “are sticking with” President TrumpDonald John TrumpProsecutors investigating Trump inaugural fund, pro-Trump super PAC for possible illegal foreign donations: NY Times George Conway: Why take Trump's word over prosecutors' if he 'lies about virtually everything' Federal judge says lawsuit over Trump travel ban waivers will proceed MORE despite taking a hit from the trade war with China that has hit agriculture hard.

“They are sticking with the president right now but they are running out of time,” Sen. Mike RoundsMarion (Mike) Michael RoundsGOP senators introduce bill to give Trump billion for border wall Farmers sticking with Trump, says GOP senator South Dakota New Members 2019 MORE (R-S.C.) told Hill.TV in an interview.

“We are down 94 percent in our exports to China. Our producers understand that this is part of a bigger picture. And that they are in the tip of the spear,” Rounds said.

He said soybean farmers, which has taken a hit from the fight with China, back Trump because “what they really want is the fair ability to be able to trade and to be able to produce and to be able to market their products on a competitive basis.”

A recent analysis by the Federal Reserve Bank of Minneapolis found farm bankruptcies on the rise, with 90 farms in the states of Montana, Minnesota Wisconsin and North and South Dakota declaring bankruptcy over the past year.

“Bad news,” said Democratic Sen. Jon TesterJonathan (Jon) TesterSenate votes to overturn IRS guidance limiting donor disclosure Senate confirms Trump's pick to be deputy Treasury secretary O’Rourke is fireball, but not all Dems are sold MORE (Mont.), who won reelection this month while under attack from Trump. He said the trade fight is costing U.S. farmers markets.

Congress is trying to finish work on a new farm bill in the lame-duck session that Rounds said is “a priority for anybody in the upper Midwest.”

“We absolutely need to get it done, no question about that,” he said.

– Molly K. Hooper