The U.S.-China trade war has had a major effect on American farmers since the Trump administration began taking action against Beijing in March 2018.
The U.S.-China trade war has had a major effect on American farmers since the Trump administration began taking action against Beijing in March 2018.
Blake Hurst, a soybean farmer and president of the Missouri Farm Bureau, agreed that American farmers have already lost ground. Farmers ‘alarmed by signs that the administration would accept ...’While farmers are generally supportive of the Trump administration, Watne and Hurst aren’t alone in their concerns. Other farmers are worried that even if President Trump were to reach some sort of deal with China, agriculture could be left worse than before.
Past-due agricultural loans were up 287% in 2018, according to Bloomberg, and farm bankruptcies are seeing a steady increase as well.
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