and we've got the deputy secretary general of the german farmers association with us or heavily give us an idea of just how dire the situation is in germany because a lot of people though germany as a beautifully green country heaps of rain and actually more rain than sun this year everything is different we have had no way in for eight weeks for ten weeks in some areas in northern germany germany so famines cannot believe that we have such a long dry period on the fields what are they saying to you how are they coping at the moment well many of them are frustrated really personally and economically you know you have invested in a farmer as a farmer for years in your field in your wheat for foreseeing them for fertilizers and now you get nothing back so we're talking about ruined crops for many farmers are they going to get some sort of aid from the gut well in some areas you know you have damages fifty percent seventy percent compared to the normal harvest and so well we asked now for our government to have some assistance for this catastrophe. but this is a bit too bureaucratic pro

the german farmers association says the one billion euros would help operations that are down more than thirty percent from the previous year. on tuesday association officials will appeal to german agricultural minister yulia kirchner seen here at the g. twenty sure report to the german cabinet the following day. clinton has already said she's concerned about farmers in the north and east but not everyone believes financial help is the answer the agricultural policy representative for the social democrats argues that aiding farmers would set a bad precedent for other businesses. and he would have seen the deputy secretary general of the german farmers association there in that report will heavily he joins us now to tell us just how dire the situation is for german vase. i come from a stranger and i know all about drought it's a country that goes through not just eight weeks of drought but sometimes eight years of drought in some parts but how how dire is the situation for german fama as who usually blessed with so much rain yes it's really an exceptional year we have. two months or thre

germany's farmers association would like a billion euros from berlin it says that would go some way at least to ease the effects of harvest which are projected to be well down on last year. farmers aren't likely to see any fast cash though agriculture minister yulia klugman wants to wait and see what the final losses are before deciding at the end of august. climatologists say the parched fields droughts and rising temperatures mean the future could already be upon us by the money because we keep going like we have been then by mid century we'll be at a two point four degree increase but that would make extreme weather events like to rental rain and heat waves more frequent. he wouldn't twenty one times across the world this year even the far northeast struggling with unusually high temperatures . well germany's wine producers are better able to adapt to the hot sun weather condition is a forcing bit as to harvest the grapes a lot earlier now again picking one week from now so on the sixth of august the german wine institute says this is the earliest harvest ever and it's expected to p

the german farmers association says the one billion euros would help operations that are down more than thirty percent from the previous year on tuesday association officials will appeal to german agricultural minister yulia kirchner seen here at the g. twenty sure report to the german cabinet the following day. clinton has already said she's concerned about farmers in the north and east but not everyone believes financial help is the answer the agricultural policy representative for the social democrats argues that aiding farmers would set a bad precedent for other businesses. from extreme weather to extreme sports now extreme sports might seem like a modern innovation for adrenaline junkies but in the bosnian town of mostar diving has been a test of courage going back centuries and several thousand spectators lined the banks of the river. to see forty daredevils watch this now brave the twenty seven metre jump into the depths below. their most hard native laurens listo won the competition for the second year running it's the twelfth when his tough win over all other divers were not in

the farmers association would like a billion euros from berlin. ey say that would ease the effect of harvests that are projected to be well down. farmers are not likely to see any fast cash. the agriculture minister wants to wait and see what the final losses are before deciding at the end of august. climatologists say the parched fields, droughts and rising temperatures mean the future could alalready be upon us. if we keep going like we have been then by mid century we will be at a 2.4 degree increase. there would make torrential rain and heat waves more frequent. this year, even the far north is struggling with unusually high temperatures. >> germany's one producers -- wine producers are better able to without too temperatures. they harvested their graves lot earlier this year. the german wine institute said this is the earliest that they have ever started picking. it is expected to produce a very tasty lunch. -- tasty bunch. the world's biggest earthmoving equipment -- caterpillar has raised its outlook after posting second-quarter earnings. th

he would have seen the deputy secretary general of the german farmers association there in that report will heavily he joins us now to tell us just how dire the situation is for german vase. i come from a stranger and i know all about drought it's a country that goes through not just eight weeks of drought but sometimes eight years of drought in some parts but how how dire is the situation for german fama as who usually blessed with so much rain yes it's really an exceptional year we have. two months or three months in some areas no way so the grain harvest is much below average and also the corn harvest now an automobile also be much below average so it's also a problem for the cattle feet why is that do they not have enough water and reservoirs to. make up for a dry period we only have two percent of our land can be integrated in germany so we have an intensified systems in germany but we rely on we have a lot on the way and the fake lower limb pain so we have really severe problems as you know so is it time to change in germany how. we will somehow we will have to talk about adaptio

traditional farming and is worried he's an independent farmer and director of the brandenburg farmers association when he bought his land the prices were half of what they are now his land may be worth more now but it's getting difficult to buy new land and lease it. investors with no ties to the region are on a buying spree and that bothers him then they don't have a gun i guess the development began and actually wasn't with the financial crisis when investors bought land it drove the prices up in one way we're at an advantage because the value of our assets increased but of course we don't want to sell our assets we want to keep farming here i want to be on the show i thought i already have i have a few years of my shows me a list of the investors names for each operation they receive millions of euros in e.u. subsidies. among them are investment funds international furniture retailers and family holding companies no one from the list once to comment on camera but one of them has told me that he owns fifteen thousand hectors that are worth one hundred seventy million euros. for him this real es

so let's dig deeper on this now you represent a representative from the german farmers association joins us now so trump is right isn't he european farmers are subsidized and that provides e.u. agricultural products an unfair advantage in foreign markets no that's not true our agricultural policy is decoupled from directly trade issues because the fame the payments to the farmers are. just decoupled from the production so there's no direct link between production and and support for the farmers so. but what we fear is a major tragedy for jobs for farmers for cons of us just. you tell us tariffs of course what the u.s. would say is that if you make production cheaper inside the e.u. that causes a disadvantage to california and manufacturers so where the u.s. and the e.u. where can they find a compromise here are we talking about dropping subsidies or getting rid of tariffs and top. so basically. we hope at this moment that the. trade dispute between china and us and the trade dispute between the us and. european union will can be settled there is no. circle of retaliation that's much more

germany's farmers association would like a billion euros from berlin it says that would go some way at least to ease the effects of harvest which are projected to be well down on last year. farmers aren't likely to see any fast cash though agriculture minister yulia kleckner wants to wait and see what the final losses are before deciding at the end of august. climatologists say the parched fields droughts and rising temperatures mean the future could already be upon us by the money because we keep going like we have been then by mid century we'll be at a two point four degree increase that would make extreme weather events like to rental rain and heat waves more frequent or you wouldn't to an imprint and that's across the world this year even the far northeast struggling with unusually high temperatures. well germany's one produces it seems a better able to adapt to the hot temperatures that the conditions are forcing been to harvest their grapes a lot earlier this year they'll begin the harvest one week from now so that's the sixth of august the german wine institute says this is the

the german farmers association says the one billion euros would help operations that are down more than thirty percent from the previous year on tuesday association officials will appeal to german agricultural minister yulia cook now seen here at the g. twenty sure report to the german cabinet the following day clinton has already said she's concerned about farmers in the north and east but not everyone believes financial help is the answer the agricultural policy representative for the social democrats argues that aiding farmers would set a bad precedent for other businesses. back to life thank you ben we have to nicaragua next this central american country has been rocked by months of violence deadly confrontations between student led protesters and pro-government forces it's the worst crisis to break out since a bloody civil war came to an end back in one thousand nine hundred mile at least one hundred seventy people are believed to have been killed in this crackdown it's the biggest challenge that president daniel ortega has had to face in over the weekend thousands of demonstrators

eastern europe ninety nine percent of the pickers in britain come from there according to the farmers association and they can't find british people who are willing there are thousands of workers down in these critical weeks they don't know if they'll be welcome after price it in the pound has also lost a lot of value over progs that which makes fruit picking elsewhere in europe more attractive. i have little time here so i'm still happy here so when i will not be happy with just going to a place foreign workers leaving the u.k. is not only a problem in agriculture hundreds of thousands of jobs are under threat at companies like rolls royce jaguar airbus and siemens and so our entire industrial sectors like steel. eighty percent of those exports go to the e.u. market so for us we absolutely need for the very survival of the steel center in the u.k. seamless trade with terrorists. with no end in sight for the u.k. trade deal many sectors have a long road of economic instability ahead of them. now to an uplifting story that really captivated the world sumi that's right monica bout her roic rescue o

suppression of trades unions opposition groups students and academics political parties cooperatives farmers association his church members journalists and indigenous inhabitants. is from the main to the left for the military honors the security forces document that confirms their participation in the repression it is a unique source which confirms the actions taken by the state against its own citizens twenty seven years on the abductions as well as many serious violations of human rights in this conflict will remain unpunished in addition the report documents how the state of guatemala covered up all action taken against the civilian population when they were into conflict or more than their comparable regions again we see people increase seedings in the area military took seven long years then in two thousand and twelve the court announced its decision for the first time since the end of the civil war and thirty years after the horrible events the guatemalan government was found guilty of several instances of complicity in the disappearance of people and was ordered to pay compensation it was also ob

the german farmers association says the one billion euros would help operations that are down more than thirty percent from the previous year on tuesday association officials will appeal to german agricultural minister yulia kirchner seen here at the g. twenty sure report to the german cabinet the following day clinton has already said she's concerned about farmers in the north and east but not everyone believes financial help is the answer the agricultural policy representative for the social democrats argues that aiding farmers would set a bad precedent for other businesses. well germany is one produces better able to adapt to the whole some of the conditions are forcing venice to harvest their grapes a lot earlier they'll begin the harvest one week from now so in this sick organist the german wine institute says this is the earliest that ever starts of picking and it's expected to produce a tasty tipple measurements taken in the wine growing region show the temperatures have risen every year since one thousand eighty eight. well for days taxi drivers in madrid and barcelona have been

trade war however this move was already met with a lot of criticism one representative of a farmers association said that it's just going to be a band-aid on a broken black so long stick alexander from naaman bureau chief in washington and you of modest in brussels thank you both very much ok now joins me with some rather sad news from the car industry and sort of it all we have to begin with on a rather somber note that now that fears has announced the death of its former c.e.o. sergio marchione only days after he stepped down due to ill health marchione was credited with rescuing fear from bankruptcy in two thousand and four and one of the all industries greatest turnarounds the news of marchione his death overshadows the publication of disappointing second quarter results though trading in few across the shares were suspended after they plunged more than ten percent the comic opposed to the fall and the profit of thirty five percent to seven hundred fifty four million euro's on revenues that were higher than last year the company which owns the jeep alfa romeo dogs and mother auntie brands a

farmer is going through. >> our fifth witness is michelle erickson jones, co- owner of gooseneck land and cattle, president of montana grain growers association and representative farmers for free trade and the national association of wheat growers. our six and last witness is jared bernstein, senior fellow at the center of budget and policy priorities. before recognizing our first witness, let me note that our time is limited to the witnesses and the members. please limit your testimony to five minutes and questions to five minutes. numbers, -- members, i hope we can do here to the five-minute -- adhere to the five-minute role as possible. mr. gebbers were recognized for five minutes. >> turn on your microphone please. thanks. >> thank you for the opportunity to testify before the subcommittee today on the effect that these tariffs, in particular those that have been imposed on agriculture products like cherries, apples, and pears. in retaliation for the u.s. trade policy that are unrelated to agriculture and the effect it is having on growers such as myself and my family and really all those families of small farmers that we represent. i am

ordinary farmers are now patrolling their land with bullet proof vests and guns this neighborhood project was set up by after form an association that represents the white minority its local leader has no doubt that many of the attacks on farmers are politically motivated. going to. the future. for the. farms in south africa are often in remote locations making them easy targets for criminals so it's not clear to what extent the attacks on farmers are politically motivated. but they're making white farmers feel increasingly on edge farmers like baird is henrico and his wife estelle they say some of their friends are black and skin color is not normally an issue for them but earlier this year they had an experience which caused them to see things differently. there to send a stale breed antelopes and sell them to nature parks sometimes tourists come to their farm to hunt the antelopes veritas in a style love living out in nature but what happened in early february has changed everything. but. one evening when the couple were back at the farmhouse three black men stormed into their living room armed with knives and guns bertice d

joining me with the answer to that president is farmer and president of the association, lucas heinenwant to start with a tweet from the president, european union representatives said they would start buying soybeans from our great farmers immediately and liquid natural gas as well. talking about soybeans this is your bread and butter. how much of a relief is that? >> it is a huge relief. we are excited to be in the european market. we have soybeans to sell and we are looking for new customers. rob: it got pretty dicey among all different types of agriculture, people were getting worried, republicans coming out against this trade war the president was starting. how nervous did you get? how nervous did your friends get? >> initially we were very nervous. this happened in late march, early april, the market dropped by $.50 a bushel in one day, here it goes, but we take our time, we listen to what the administration is saying, what they are trying to do, we hang on. farmers, we are price takers, not price makers but we are used to volatility with the weather and the markets. we are not u

representative farmers for free trade and national association of wheat growers. our sixth and last witness is jarod be jarod bernstein. before recognizing our first witness let me note that our time is limited to the witnesses and the members. let me please limit your testimony to five minutes and questions to five minutes and members, please i hope we can adhere to the five minute rule as closely as possible. mr. agagebbers your written statement will be part of the record. you're recognized for five minutes. >> turn on your microphone, please. >> thanks. thank you, chairman and ranking member of pascrell for the opportunity to testify on the impact of tariffs. in retaliation for the u.s. trade policies that are unrelated to agriculture the past few months. and the effect that it's having on growers such as myself and my family and really all those families of small farmers that we represent. i'm president and ceo of gebbers farms in washington. we farm next door to mr. rye kerts district. we're a multigenerational company in washington state. three of my siblin

mike petefish is a farmer in claremont, minnesota, and esident of the minnesota soybean growers association >> alcinr: petefish says farmers are beginning to wonder if the administration hadea plan on traor understands how farmers are affected. h at includes sorting out nafta negotiations witjor buyers of u.s. pork, canada and mexico, as well as an ex strategy for an escalating tariff war with aina, which imports about one- third of americaual soybean crop. >> basically, we opened up europe and that's gonna be a great thing for europe. ret it's really gonna be a thing for us. alcindor: president tru today also hailed agreements made with the european union yesterday, to ease tariffs and other market restrictions for u.s. goods like soybeans. >> that whole soybean thing is now gonna be opened up. no tariffs, no nothing, free trade. >> alcindor: but china's market for u.s. ag products is vastly different than the e.u.'s. china's population is larger, younger and increasing, with an improving diet and rising demand for u.s. ag products as standards of living rise. in comparison, the e.u.'s pop

stan uceri, the president of the alabama soybean and corn association and soybean farmer said, quote, if you weighed that out in dollar figures, it was in the billions what the value of the u.s. soybean crop lost in just that one day, just based on the fear of an imposed tariff. end quote. i've heard from other farmers, too. peanut contract prices have fallen flat. pork prices have fallen $18 a head since march. cotton prices dropped 10 cents in the wake of the initial round of tariffs. our cattle farmers share these concerns and are participating potential production cost increases as a result of more expensive fuel and grain. and just yesterday, just yesterday we learned that the administration is going to spend $12 billion in taxpayer money to help offset the damage its trade war has done to american farmers. these farmers need the money. it is a self-inflicted wound but they need it. this money might help some of these farmers somewhat in the short term. but, mr. president, it is a slippery slope for the president of the united states to start down. what about the meat packers who

representative farmers for free trade and national association of wheat growers. our sixth and last witness is jarod bernstein. before recognizing our first witness let me note that our time is limited to the witnesses and the members. let me please limit your testimony to five minutes and questions to five minutes and members, please i hope we can adhere to the five minute rule as closely as possible. mr. gebbers your written statement will be part of the record. you're recognized for five minutes. >> turn on your microphone, please. >> thanks. thank you, chairman and ranking member of pascrell for the opportunity to testify on the impact of tariffs. in retaliation for the u.s. trade policies that are unrelated to agriculture the past few months. and the effect that it's having on growers such as myself and my family and really all those families of small farmers that we represent. i'm president and ceo of gebbers farms in washington. we farm next door to mr. rye kerts district. we're a multigenerational company in washington state. three of my siblings and i are

farmers for the last couple of years. >>> and the rural communities. a lot of people do not recognize or not associated with farming, income is down 50%. that is quite a stretch. it is a rake and -- even -- it is a break even, a lot of people survive but others have to find other things to do. that is the way our economy works. that is the accumulative effect obviously with the issues. that is why that issue so important. that is why trade is so important. that is why they accumulative effect of the farm bill anticipating the farm bill as a safety net is always important. >>> i want to ask you quickly about daily life. the population of our rural communities is shrinking. it is struggling. >>> one of the things we are focused on with the usda is the --. we take it for granted in the urban areas. a lot of kids growing up don't have the benefits of broadband. a lot of aquaculture depends on broad and to be over the plant the seed exactly what it should be. e-commerce, those kind of things, one of our big goals is to make sure that when we leave that we have a robust role broadband network across the coun

farmers were evicted. by slashing the price of the nominee it grows small fridge associate with used to give up another plantation into financial ruin step by step it took over hundreds of thousands of hectares of central america's best left. to do exactly as he said basically for making all what they're in is exactly what happened during the land reforms in britain from the sixteenth until the eighteenth century so. the british farmers were expropriated in the same way there is no other word for it and of course immediately you the lands which they cultivated started to have fences put up around it. and by the eighteenth century they were forced to give up their workforce to the new factories. this was the origin of industry and economy as we know them today it was the beginning of modern day capitalism. that. did the united fruit company introduced capitalism to central america. it certainly had a specific vision of development and progress from the start. the railway laid the foundation for mine a trooper keefe huge wealth. for the young dangers of central america it was synonymous with modernity. guatemala wa

farmers do not bear the brunt of these trade disruptions. you have given yourself a labor day deadline in the white house has associated that plan a little bit. can you tell me what you hope to accomplish with the plan we will see around labor day? >> certainly, we began talking about trade issues and what would be done about them. i think everyone recognized that agriculture has in or will the retaliated against because we have a trade surplus with agriculture, it is one thing we inwell and we feed the world many ways. when you have any kind of trade agreement and agriculture is what is terrorist and retaliated against, i think the administration, the president toually case me that quote bear the brunt of these disruptions alone in this regard, and i began being charged last year to deal with a mitigation plan in a case we were not able to resolve near term. >> -- that will not make them whole and you think about the fact that 20% of agriculture relies on trade in some way, obviously their profit margins are not 20%. good point to make. this is any kind of situation where there is disruption. an auto accident, most of us do not feel it we a

association in missouri. what's the conversation with your fellow farmers? >> i think that we just need to carry on.o the best you can. get ahold of your elected officials and try to see if we can back this off. we're good at what we do. we grow a lot of soy beans. if we could sell china more as opposed to have them bump a tariff on us, we would be much more like that than tariffs. >> if you had the opportunity to speak with the president and you were laying out that case for him, what else would you say to him to appeal to him, to make him under why you are at today? >> you know, it's not just the tariffs on soy beans. they were talking about steel and aluminum. that goes to equipment that we buy. it's a double-edged sword. it gets us coming and going. we don't make any money on our soy beans. then we have to pay more money for our equipment. it's double painful. like i said, if we could sell them more instead of charging a tariff, we would be all for that. >> how much success have you had in getting that message through to your lawmakers who i know you would like to bring that message to the presi

kentucky depending on the whiskey industry, that's farmers, glass suppliers, tourism the coopers who make the barrels. the kentucky distiller's associationuggested that the trump administration sit down with our trading partners over a glass of bourbon and just work this thing out they say it's super important that they continue to have access to these overseas markets. >> it's a good example with how soybeans, these markets are niche. i would imagine that a year ago these men and women working in this industry in kentucky just going about their jobs every day never imagined that the possibility of a trade war, 11,000 miles away with beijing, was going to possibly have a negative impact on their livelihoods. >> it could have a huge impact here in kentucky and also if you look at the trajectory of the growth of bourbon, there's been a lot of new investment here investors believe they can make money on bourbon, but their making money dpen depends on n markets. think about a $5,000 bottle of american bourbon, that might have people reconsidering and heading towards cognac >> yes, or japanese whiskey. >> bourbon can only be made in the unite

farmers hit by the trade war followed. for more, let's bring out li china association of international trade a senior fellow. for talking to us today. the president characterizes the u.s. relationship, or actions toward china so far as nice. is that how china would be -- view it as well? is not reallyat something nice. china has been trying to be nice with the donald trump and his colleagues in the white house. after know, last year, the xi jinping visit to maryland -- meryl lago, china supposed -- proposed a plan which opened up that in addition to other products. attempted tohina make another proposal which is called the one-year plan which had very little feasibility because it was a rejected -- it was rejected. during the state visit by donald trump to china, we offered a deal. a deal of about 250 u.s. dollars. everybody that was around for discussions this year, and china proposed a couple of plans. on thet one was made third of june. china has a statement for that. which says, some of the details need to be approved by the top leaders of the two countries. actually, donald trump's approval is very impo

i currently serve as the president of a montana association, and i am a member of farmers for free trade. as a fourth-generation farmer, it is my honor to testify on the impact of tariffs on my farm, industry, and community that depends on trade. american agriculture is a tremendous global success. the wheat industry is no different. trade is critically important to the u.s. economy and rural communities. farmers depend heavily on our ability to sell commodities to foreign consumers. we are aware of the prevalence of unfair part -- trading practices used by some country and support finding solutions to tariffs and nontariff barriers that impede fair trade. when i would like to share with you are some of the impacts of tariffs imposed by your own administration and by the retaliatory tariffs leveled by our trading partners. involve higher input costs, to reducing exports in lower market prices. i testified at a section 301 hearing of the international trade commission. now, whilend believe many rural americans are optimistic about the economic growth under the current administration, ther

farmers. you do not need a clean water act permit to dredge material associated with normal farm imming or agricultural activities. is goes to an accomplished ongoing foferte try praying. does e of a new body or he exemption no longer employ. what this means farmers can plant their seed and har cease their crops without having to approve their approval. if a farmer wants to use the exemption to a development. the rancher couldn't use to plow under a wet lapped and frofert drainage.rove section 40 is an absolute exemption that happen to be an agricultural ranching or frofertry lands. this is change and where where the impacts have never been explored. this is almost 40 years of implementation by alimb nation to accomplish ongoing farm imming practices and loss in the thousands of acres. mr. chairman, we shouldn't be using the appropriations bill to chage federal policy related to the protection of our nation's rivers and streams. no hearings or vegs on this impath has ever been heard. he congress is to overturn precedent. regular order would hearings ich is the sole jurisdiction before consideration on

presscertainly releases coming out from places like the american soybean association who are really talking about how important exports are two farmersk they're saying some thing like one third of the u.s. living crop is typically destined for china. mentioned, the prices have come down a bit and farmers are going to be harvesting their months.a fewm that is when these prices will be vital. a lot of those crops after harvest are loaded into rails and vessels to be sold abroad. joe: quickly, megan -- megan, does aly, chinese market with cotton exports as well, where can i can't go to next if it is not china absorbing it? megan: megan: that remains to be seen -- megan: that remains to be seen. when these prices get low enough, typically country see another opportunity and might step in to buy some of these. that could be the case for soybeans even if the u.s. is selling less to china, it might pick up extra demand from other countries. scarlet: megan, thank you so much for joining us from detroit on the agricultural trade flows. coming up next, a pricey round-trip ticket froor tech ipos. from new york, this is bloomberg. ♪ >> let's get

farmers navigate this trade war? we'll bring in the ceo of the american soybean association, ryan finley. have you with us we account for 35% of the soybean production brazil, 33%. if the chinese cut back and apparently one out of three soybeans sold goes to china right now. will we ever, ever get that marketshare back >> it's going to be tough. it's going to be very difficult. and farmers see that pain right now. they see that in the prices. and that's the immediate impact. you just highlighted the long-term impact, brazil is a major competitor, millions of acres yet to go into production. what do the decisions, the policy decisions that are happening right now, what is the long-term impact that those are going to have on farmers it's a concern >> this is a political issue i'm going to ask you to put your beans where your positions are, are you a trump supporter? and do you believe in what he is doing with respect to trade and specifically how it affects soybeans >> for a farmer, it doesn't matter if you're a trump supporter or another supporter, at the end of the day, you have to make s