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Soybean farmers fear China tariffs could shut down business for good

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20.05.2019

The economic outlook for soybean farmers is dire. Trade is the lifeblood of the U.S. soybean industry, and right now it is ebbing away as soybean growers are unduly caught in the crossfire of the U.S.-China trade war. Many of us are wondering whether we will be able to remain in business past this year.

We have already endured ten months of tariffs, and as this planting season begins, we fear that the latest rise in tensions could indefinitely delay an agreement that removes China’s 25 percent retaliatory tariff on U.S. soybeans. The effects of the prolonged trade war........

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