The U.S. Agriculture Department said on Wednesday it had pulled all staff from a...
CORALVILLE, Iowa/CHICAGO - The U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee was threatened, and three sources said the threat of violence was made during a phone call from an angry farmer.
A local police officer was present at an event in Coralville, Iowa, on Wednesday evening, a Reuters witness said. Corn future prices posted their biggest drop in three years after the USDA estimated a bigger-than-expected crop on Aug. 12, despite floods that slowed planting. USDA’s reports have long been a key reference for global commodities markets.
Farmers have been suffering from low commodity prices for years, and Washington’s trade war with Beijing has taken China, the top buyer of U.S. soybeans, out of the market. Floods and the trade war have contributed to falling farm incomes and tighter credit conditions as farmers struggle to repay loans.
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