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Farmers Urge Trump to Secure Soybean Trade With China
['Erin Ailworth']
Transport Topics
China has avoided U.S. soybeans amid tariffs, turning instead to Brazil and Argentina, leaving American farmers with shrinking profits, rising costs and unsold crops.
But the clock is already ticking for U.S. soybean growers, with the harvest already under way.
“We are real hopeful, but we want to see some results to the trade deal,” Missouri farmer Marty Richardson said in an interview.
Without a trade deal, growers from Ohio to Nebraska face the gloomy prospect of overflowing storage bins — and sinking prices.
(Ben Brewer/Bloomberg)What’s more, Brazil has capitalized on Trump’s trade war with China to cement its dominance in the global soybean market.